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Mathematics, 16.02.2021 18:20 brethan

PLZ HLP You invest $500 in an account that has an annual interest rate of 5%, compounded quarterly for four years. What is the equivalent interest rate, and how many times will the money be compounded?

1.25% and 16 times
8% and 4 times
1.25% and 1 time
8% and 16 times

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PLZ HLP You invest $500 in an account that has an annual interest rate of 5%, compounded quarterly...

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