document.write( "Question 1148309: Suppose a principle amount of $1,305 were invested at an annual rate of 4.3% compounded monthly for 9 years. How many compounding periods would this be? \n" ); document.write( "

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\n" ); document.write( "Suppose a $\"highlight%28cross%28principle%29%29\"$ principal amount of $1,305 $\"highlight%28cross%28were%29%29\"$ was invested at an annual rate of 4.3% compounded monthly for 9 years.
\n" ); document.write( "How many compounding periods would this be?
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\n" ); document.write( "\n" ); document.write( "12*9 = 108 compounding periods.\r
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\n" ); document.write( "\n" ); document.write( "9 years, 12 compounding periods each year.\r
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