Mathematics
Mathematics, 20.11.2020 03:10, bbb4951

You invest $1000 in an account that has an annual interest rate of 4%, compounded monthly for 12 years. What is the equivalent interest rate and how many times will the money be compounded?

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You invest $1000 in an account that has an annual interest rate of 4%, compounded monthly for 12 yea...

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