SOLUTION: You make payments of $150 at the end of each month into a savings account that earns 3% annual interest. How long will it take for the balance to reach $6000? Round your answer to

Question 1194555: You make payments of $150 at the end of each month into a savings account that earns 3% annual interest. How long will it take for the balance to reach $6000? Round your answer to the nearest whole number of months.
Answer by ikleyn(52788) (Show Source): You can put this solution on YOUR website!
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You make payments of $150 at the end of each month into a savings account that earns 3% annual interest.
How long will it take for the balance to reach $6000? Round your answer to the nearest whole number of months.
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The problem is INCOPLETE, since it says NOTHING about the compounding period.

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