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You invest 1000 in an account that has an annual interest rate of 4% compunded monthly for 12 years what is the equivalent interest rate and how many times will the money be com…

You invest 1000 in an account that has an annual interest rate of 4% compunded monthly for 12 years what is the equivalent interest rate and how many times will the money be com…
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you invest 1000 in an account that has an annual interest rate of 4% compunded monthly for 12 years what is the equivalent interest rate and how many times will the money be compunded

asked
User Dipesh
by
7.3k points

1 Answer

4 votes
3% at 4 times

hope this helps!!
answered
User Snakes McGee
by
8.4k points
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