helperjoe helperjoe

06-09-2017
Mathematics

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I need math help. Look at the attachment. No multiple choice.

I need math help Look at the attachment No multiple choice class=

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musiclover10045 musiclover10045

06-09-2017

there are 4 quarters per year

if annual rate = 8%

quarterly rate would be 8%/4 = 2%

so the (1+r) beomes (1+0.02) = 1.02

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