anonymous
  • anonymous
What is the rate per interest period of 12% compounded quarterly?
Mathematics
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anonymous
  • anonymous
What is the rate per interest period of 12% compounded quarterly?
Mathematics
schrodinger
  • schrodinger
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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welshfella
  • welshfella
how many quarters are there in 1 year?
anonymous
  • anonymous
Four.
anonymous
  • anonymous
@Nalemi P is the principal (the initial amount you borrow or deposit) r is the annual rate of interest (percentage) n is the number of years the amount is deposited or borrowed for. A is the amount of money accumulated after n years, including interest. When the interest is compounded once a year: A = P(1 + r)n

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anonymous
  • anonymous
rate per interest period shall be 12/4 = 3% per quarter
anonymous
  • anonymous
rate per interest period shall be 12/4 = 3% per quarter

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