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Isabel is using the TVM Solver on her graphing calculator as shown below to determine how much she has to invest now in a saving account earning compound interest to have 14,200 in a certain number of
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Isabel is using the TVM Solver on her graphing calculator as shown below to determine how much she has to invest now in a saving account earning compound interest to have 14,200 in a certain number of years. According to what Isabell has entered in the TVM solver, with what frequency will the interest in the savings account be compounded?

Semiannually
Annually
Monthly
Quarterly

User Mfudi
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1 Answer

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Monthly because it will be compounded and the interest is 14,200
User Naresh Bisht
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5.0k points
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