Answer:
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For example, monthly capitalization with annual rate of interest means that the compounding frequency is 12, with time periods measured in years. The effect of compounding depends on: The nominal interest rate which is applied and. The frequency interest is compounded.
"Spanish conquistadors settled in the Caribbean in search of gold and riches to bring back for their country."
"Spanish conquistadors were explorer-soldiers who settled in the Caribbean with the aim to amass wealth and fortune. Christopher Columbus arrived in the Caribbean in 1492 and claimed the area for Spain. Spanish settlements began to sprout in the region in the following years. The Caribbean’s importance also included its strategic location.
From the early 17th century, non-Hispanic traders and settlers also arrived and established permanent colonies and trading posts in the various Caribbean islands, particularly in areas where Spanish power was weak or absent."
To learn more about the Caribbean: brainly.com/question/9781373
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