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OpenStudy (anonymous):
What is the rate per interest period of 12% compounded quarterly?
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OpenStudy (welshfella):
how many quarters are there in 1 year?
OpenStudy (anonymous):
Four.
OpenStudy (anonymous):
@Nalemi P is the principal (the initial amount you borrow or deposit) r is the annual rate of interest (percentage) n is the number of years the amount is deposited or borrowed for. A is the amount of money accumulated after n years, including interest. When the interest is compounded once a year: A = P(1 + r)n
OpenStudy (anonymous):
rate per interest period shall be 12/4 = 3% per quarter
OpenStudy (anonymous):
rate per interest period shall be 12/4 = 3% per quarter
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