Question

http://prntscr.com/hin0s7

Answer 1

(0.07^1/4)^4t

Answer 2

or
(0.07^.25)^4t

Answer 3

sorry its
(1 + 0.07^.25)^4t

Answer 4

1.07^.25

Answer 5

1.0170

Answer 6

1.0170^4t

Answer 7

1.0697

Answer 8

move over 2 places

Answer 9

wait - 1 then move

Answer 10

.0697 move two places .06%

Answer 11

?

Answer 12

2% quarterly is like saying
(1 + 0.02)^4

we want to know:
does
(1 + 0.07) = (1 + 0.02)^4 ?

Answer 13

1.08

Answer 14

1.07 ~ 1.08

Answer 15

but it's not equal
so Alexander is wrong

Answer 16

can you find the quarterly rate of 7% for me?

Answer 17

(1 + 0.07) = (1 + r)^4

solve for r

Answer 18

r = (1.07)^(1/4) - 1

Answer 19

.017

Answer 20

*100
to make it a percent

Answer 21

wat

Answer 22

0.017 * 100 = ____ %

Answer 23

1.7%

Answer 24

there you go