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Mathematics, 26.01.2021 19:30 antojustice

You invest $300 in an account that has a annual interest rate of 6%, compounded quarterly for four years. What is the equivalent interest rate, and how many times will the money be compounded? 1.5% and 1 Time
1.5% and 16 times
6.7% and 16 times
6.7% and 4 times
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