# What is the compounding frequency for a nominal rate of 4.7% if the periodic interest rate is:

## Question:

a. 1.175%?

b. 0.3916%?

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...

Fantastic news! We've Found the answer you've been seeking!

## Step by Step Answer:

**Related Book For**