Mathematics, 20.05.2021 19:40 josie311251
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?
A. 8% and 4 times
B. 8% and 16 times
C. 1.25% and 16 times
D. 1.25% and 1 time
Answers: 3
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Which shows how to solve the equation 3/4x=6 for x in one step?
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You invest $500 in an account that has a annual interest rate of 5%, compounded quarterly for four y...
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