Answer:
quarterly N = 4
semi-annually N = 2
Monthly N = 12
annually N = 1
Step-by-step explanation:
The number of compounding times per period for an investment is usually denoted as N in the compound interest formula:
A = P(1 + r/n)^nt
n = number of times in a year for which the amount is compounded :
Annually : compounding times = 1 = 12 /12
Semi annually (6 months) ; N = 12 /6 = 2
Quarterly ; (3 months) ; N = 12 /3 = 4
Monthly ; (12 months) ; N = 12 / 12 = 1
