Question

you decide to keep track of your loan four times a month instead of monthly. Solve for the adjusted interest rate. Remember to use the formula A(t)=P[(1+r/ n)^1/c]^cnt where c = 4. When solving for the adjusted interest rate, be sure to set it equal to 1+(r/n)

Answer 1

My original function was A(t)=39,145(1+0.03/12)^12t