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4 November, 07:19

You invest $500 in an account that has a annual interest rate of 5%, compounded quarterly for four

years. How many times will the money be compounded?

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Answers (1)
  1. 4 November, 10:29
    0
    16

    Step-by-step explanation:

    If it is compounded quarterly, that's 4 times a year.

    If you do this for 4 years that's 4*4.

    That would be 16.
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