3 years ago

What is the annual interest rate for 12% compounded quarterly for 6 years?

Mathematics

1 answer:

mamaluj [8]3 years ago

5 0

COMPOUND INTEREST

Compounded Calculation Interest Rate For One Period

Semiannually, every 6 months, every half of a year (.06)/2 0.03

Annually, every year .06 .06

6% means 6 percent (from Medieval Latin for per centum, meaning "among 100"). 6% means 6 among 100, thus 6/100 as a fraction and .06 as a decimal

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$\bf ~~~~~~~~~~~~\textit{negative exponents}
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\\\\[-0.35em]
\rule{34em}{0.25pt}\\\\
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