Mathematics, 11.02.2021 19:00 lakhanir2013
Plz help!
You invest $500 in an account that has a annual interest rate of 5%, compounded quarterly for four years. What is the equivalent interest rate, and how many times will the money be compounded?
1.25% and 16 times
8% and 4 times
1.25% and 1 time
8% and 16 times
Answers: 3
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