Question

When the interest is compounded quarterly , there are ___________________ conversion periods in a year.

Answer 1

Answer:

4

Step-by-step explanation:

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Answer 2

Answer:

4

Step-by-step explanation:

When the interest is compounded quarterly , there are 4 conversion periods in a year.

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It means that there are 4 quarters in an year.

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➿$\frac{12}{3} = 4$ ➿

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