PLEASE HELP!! Rick uses this exponential expression to determine what the value of his bank account will be in three years. Sele

Question

3 years ago

11

PLEASE HELP!! Rick uses this exponential expression to determine what the value of his bank account will be in three years. Sele

ct the value in the expression that represents the number of times per year that interest is compounded on the account.
5,000(1+0.04/12)^12t

Mathematics

1 answer:

nadezda [96] · Answer 1 · 2022-08-06T23:08:31+03:00

nadezda [96]3 years ago

4 0

Answer:

12

Step-by-step explanation:

A compound interest equation is represented as A = P(1 + r/n)^nt, where n=the number of times per year the interest is compounded. In the given equation, n=12.