Assuming monthly compounding frequency. How many periods ("n") are there in 19 years

Question

Assuming monthly compounding frequency.  How many periods ("n") are there in 19 years

BlackTom AI · Accepted Answer

The problem asks for the total number of compounding periods over a span of 19 years, given monthly compounding.

First, identify the compounding frequency: monthly means there are 12 periods in each year.

Next, multiply the number of years by the number of months per year to obtain the total number of periods: 19 years × 12 months/year = 228 periods.

Since the question specifies monthly compounding frequency, each year contributes 12 periods, and over 19 years, all those periods accumulate to 228.

Note that no answer choices are provided here, but the calculation above yields the total number of periods (n) for the given time span under monthly compounding.

BFIN011 Week 1: Practice Quiz

Assuming monthly compounding frequency. How many periods ("n") are there in 19 years

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