peytonpeytonfulton64 peytonpeytonfulton64

11-12-2022
Mathematics

contestada

You invest $1000 in an account that has an annual interest rate of 4%, compounded monthly for 12 years. What is the equivalent interest rate and how many times will the money be compounded?
3% and 144 times
3% and 4 times
O 0.33% and 1 time
0.33% and 144 times

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