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Patrick deposited $6,875 into a savings account 17 years ago. The account has an interest rate of 4.9% and the balance is currently $15,734.11. How often does the interest compo…

Patrick deposited $6,875 into a savings account 17 years ago. The account has an interest rate of 4.9% and the balance is currently $15,734.11. How often does the interest compo…
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Patrick deposited $6,875 into a savings account 17 years ago. The account has an interest rate of 4.9% and the balance is currently $15,734.11. How often does the interest compound

User Fose
by
7.4k points

1 Answer

4 votes

Answer:

Quaterly

Explanation:

User Carolin
by
8.7k points
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