Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded.

Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find

1.	Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded.
A.	Monthly
B.	Bimonthly
C.	Quarterly
D.	Annually
Answer» D. Annually

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Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded.

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