Question

what will happen if interest is compounded quarterly? how many conversion period will be there? what about the quarter year rate how much will it be of the annual rate ? discuss with your friends​

Answer 1

Answer:

1. if interest is compounded quarterly than it's 1/4
2. there will be 4 conversion period
3. the annual rate will divided by 1/4 and the quarter year is 4

Step-by-step explanation:

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