Question: You currently have $ 7 , 2 0 0 in your investment account. You can earn an average rate of return of 1 1 .

You currently have $7,200 in your investment account. You can earn an average rate of return of 11.7 percent per year. Ultimately, we will want to determine how long will you have to wait until your account is worth $50,000; however, right now answer the following question.
What is f, the frequency of compounding per year?
Question 3 options:
Once per year
Quarterly
information not provided in the scenario. We must determine this value.
Monthly

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