if p = 10,000, r = 12% compounded quarterly, t = 2 years, what is n?

Explanation:

Step1: Identify compounding frequency

The interest is compounded quarterly, so the number of compounding - periods per year $m = 4$.

Step2: Calculate the total number of compounding periods

The formula for the total number of compounding periods $n$ is $n=m\times t$, where $t$ is the number of years. Given $t = 2$ years and $m = 4$, we substitute the values into the formula. $n=4\times2$

Answer:

8