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Mathematics, 08.04.2022 07:20 brandonthomas11

You invest $600 in an account that has a annual interest rate of 7%, compounded quarterly for four years. What is the equivalent interest rate, and how many times will the money be compounded? 1.75% and 1 time
5.7% and 4 times
1.75% and 16 times
5.7% and 16 times

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