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A savings account that pays interest every three months is said to have a______ interest rate?
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A savings account that pays interest every three months is said to have a______ interest rate?

User Xhallix
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2 Answers

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It would be a quarterly interest rate. Because of it's interest only 1/4 of the year.

User Technopeasant
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6 votes
Quarterly (three months = 1/4 year)
User Alimbada
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