how to calculate compound interest quarterly
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Ello user !!!!!!!!!!!
Here is your answer,
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If interest is compounded yearly, then n = 1; if semi-annually, then n = 2; quarterly, then n = 4; monthly, then n = 12; weekly, then n = 52; daily, then n = 365; and so forth, regardless of the number of years involved.
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HOPE THIS HELPS YOUU :)
AND STAY BLESSED.
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Answered by
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it is solved the same way but in the case of quarterly, we multiply time by 4 and the rate by 1/4. Hope it helps!!!!!
lordofmasters:
u r welcome
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