Determine the number of compounding periods for the following investment.
Principal
[tex]$1092 Future Value $[/tex]1286
Interest Rate
7.8%
Frequency of
Conversion
monthly
The number of compounding periods is
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

Question

11-06-2024
Business

Answered

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Determine the number of compounding periods for the following investment.
Principal
[tex]$1092 Future Value $[/tex]1286
Interest Rate
7.8%
Frequency of
Conversion
monthly
The number of compounding periods is
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

Sagot :

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