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Caden deposited $4,251 into a savings account 15 years ago. The account has an interest rate of 3.4% and the balance is currently $7,063.91. How often does the interest compound…

Caden deposited $4,251 into a savings account 15 years ago. The account has an interest rate of 3.4% and the balance is currently $7,063.91. How often does the interest compound…
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Caden deposited $4,251 into a savings account 15 years ago. The account has an interest rate of 3.4% and the balance is currently $7,063.91. How often does the interest compound? a daily b monthly c quarterly d annually

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User David Costa
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7.9k points

1 Answer

2 votes

Answer:

quarterly

Explanation:

i just took the unit exam i got it right, its quarterly.

answered
User Dan Doe
by
7.7k points
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