Fill in the Blank

A corporate accountant is calculating the growth of a 10,000 dollar reserve fund using the compound interest formula A=P(1+rn)ntA = P(1 + \frac{r}{n})^{nt}. If the fund's interest is compounded monthly, the value substituted for nn to represent the number of compounding periods per year is ____.

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Updated 2026-05-22

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