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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.-example-1
User Littm
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1 Answer

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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

User OverclockedTim
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