18% compounded 12 times per year give
1.5% per month.
So, 6 years = 72 months.
Find the total number of compounding periods and interest rate per period.
Terms investment: 6years, nomial rate: 18%, interest compounding :monthly, compounding period________, rate per period %_______
* i need to figure out the compounding period & rate per period%
1 answer