Mathematics, 26.10.2020 20:40 xxkeyxx51
PLEASE HELP!
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?
0.33% and 1 time
3% and 4 times
3% and 144 times
0.33% and 144 times
Answers: 1
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