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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
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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

User Dipesh
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1 Answer

4 votes
3% at 4 times

hope this helps!!
User Snakes McGee
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