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I desperately need the answers to this, it’s about compound interests

I desperately need the answers to this, it’s about compound interests-example-1

1 Answer

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Answer:

  • quarterly is n = 4
  • semiannually is n = 2
  • monthly is n = 12
  • annually is n = 1

Explanation:

n is the number of times the interest is compounded, so just figure out stuff like monthly and annually mean. (ex. since annually means once a year, n = 1)

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