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. You deposit $10,000 in an account that pays 6.92% annual interest. Find the balance after 5 years if the interest is compounded with the given frequency. a. Monthly b. Daily c…

. You deposit $10,000 in an account that pays 6.92% annual interest. Find the balance after 5 years if the interest is compounded with the given frequency. a. Monthly b. Daily c…
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. You deposit $10,000 in an account that pays 6.92% annual interest. Find the balance after 5 years if the interest is compounded with the given frequency.

a. Monthly


b. Daily

c. Quarterly

d. Weekly

User Pcbabu
by
8.8k points

1 Answer

5 votes
The answer is Monthly
User So Jae Kyung
by
8.2k points
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