Assuming monthly compounding frequency. How many periods ("n") are there in 17 years

Question

Assuming monthly compounding frequency.  How many periods ("n") are there in 17 years

BlackTom AI · Accepted Answer

We need to determine the total number of compounding periods over 17 years when the interest is compounded monthly.
First, identify the compounding frequency: monthly compounding means 12 periods occur per year.
Next, multiply the number of years by the number of compounding periods per year to get the total periods: 17 years × 12 periods/year.
Compute the product: 17 × 12 = 204.
Therefore, the total number of periods n in 17 years with monthly compounding is 204.

BFIN011 Week 1: Practice Quiz

Assuming monthly compounding frequency. How many periods ("n") are there in 17 years

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