Mathematics, 04.03.2020 22:20 naleyah

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?

A) 6.7% and 16 times

B) 1.5% and 1 time

C) 1.5% and 16 times

D) 6.7% and 4 times

Please Answer!

Answers: 2

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More questions: Mathematics Another questions

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? A) 6.7% and 16 times B) 1.5% and 1 time C) 1.5% and 16 times D) 6.7% and 4 times Please Answer!

Answers

Another question on Mathematics

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?

A) 6.7% and 16 times

B) 1.5% and 1 time

C) 1.5% and 16 times

D) 6.7% and 4 times

Please Answer!