charlie wants to invest $10,000 for 3 years in an interest - bearing account with a 4% annual interest rate…

charlie wants to invest $10,000 for 3 years in an interest - bearing account with a 4% annual interest rate compounded quarterly. how many times per year will charlies money be compounded? a 365 b 4 c 2 d 12

charlie wants to invest $10,000 for 3 years in an interest - bearing account with a 4% annual interest rate compounded quarterly. how many times per year will charlies money be compounded? a 365 b 4 c 2 d 12

Answer

Explanation:

Step1: Recall compound - frequency meaning

Quarterly compounding means compounding 4 times a year.

Answer:

B. 4