The value of n you plug into your equation will be 6. Then the correct option is C.
Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
When calculating a loan’s effective rate.
If the interest compounds every two months.
Then the value of n you plug into your equation will be
If the interest is compounded every two months, the interest will be applied six times every year.
Because there are 12 months in a year, the value of n that you will plug into your equation is 6, and it will be compounded every two months.
More about the compound interest link is given below.
https://brainly.com/question/25857212
