Mathematics, 18.02.2021 08:50 val452
You invest $600 in an account that has a annual interest rate of 7%, compounded quarterly for four years. What is the equivalent interest rate, and how many times will the money be compounded?
A) 5.7% and 4 times
B) 1.75% and 16 times
C) 1.75% and 1 time
D) 5.7% and 16 times
Answers: 1
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You invest $600 in an account that has a annual interest rate of 7%, compounded quarterly for four y...
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