Mathematics, 28.01.2021 08:30 ejcastilllo
You invest $600 in an a point 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. 1.75% and 16 times
b. 1.75% and 1 time
c. 5.7% and 16 times
d. 5.7% and 4 times
Answers: 3
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You invest $600 in an a point that has a annual interest rate of 7%, compounded quarterly for four y...
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