For a sum of money invested at 8.1% compounded monthly for 2 years state the following values. (a) the number of compounding periods (b) the periodic rate of interest (c) the compounding factor (1 + i)n (d) the numerical value of the compounding factor (a) The number of compounding periods is (Type an integer or a decimal.)

Q: S=P(1+r)tS=P(1+r)t

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