From the interest statement 1% per month, determine the values for interest period, compounding period, and compounding

Question:

From the interest statement 1% per month, determine the values for interest period, period, and frequency.

Compounding
Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will...