Question

@phi i had 3 questions i did 2 of them i can't do the third one so could you me please?

Answer 1

Lastly, 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
.