8% compounded annual for 4 years. a) The annual interest rate as a decimal is ? b) The number of compounding periods per year is ? c) The number of years is ? d) The total number of compounding periods are ?

8% compounded annual for 4 years. a) The annual interest rate as a decimal is ? b) The number of compounding periods per year is ? c) The number of years is ? d) The total number of compounding periods are ?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...

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8% compounded annual for 4 years.

a) The annual interest rate as a decimal is ?

b) The number of compounding periods per year is ?

c) The number of years is ?

d) The total number of compounding periods are ?

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