## Related questions with answers

Question

For an interest rate of 10% per year, compounded quarterly, determine the number of times interest is compounded (a) per quarter, (b) per 6 months, (c) per year, and (d) per 3 years.

Solution

VerifiedAnswered 2 years ago

Answered 2 years ago

Step 1

1 of 2Compounded quarterly, determine the number of times interest is compounded:

a) per quarter

b) per 6 months

c) per year

d) per 3 years

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