fionajacob8 fionajacob8

26-01-2021
Mathematics

contestada

You invest $300 in an account that has a annual interest rate of 6%, compounded quarterly for four years. What is the equivalent interest rate, and how many times will the money be compounded?
1.5% and 1 Time
1.5% and 16 times
6.7% and 16 times
6.7% and 4 times
Please help

Respuesta :

kathialopez kathialopez

12-04-2021

Answer:

1.5% and 16 times

Step-by-step explanation:

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