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anonymous

  • one year ago

What is the rate per interest period of 12% compounded quarterly?

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  1. welshfella
    • one year ago
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    how many quarters are there in 1 year?

  2. anonymous
    • one year ago
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    Four.

  3. anonymous
    • one year ago
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    @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

  4. anonymous
    • one year ago
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    rate per interest period shall be 12/4 = 3% per quarter

  5. anonymous
    • one year ago
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    rate per interest period shall be 12/4 = 3% per quarter

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