What is the annual interest rate for 12% compounded quarterly for 6 years?
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Remember, we can do anything to an equation as long as you do it to both sides
and distributive proeprty, reversed
ab+ac=a(b+c)
xm=x+z
minus x from both sides
xm-x=z
xm-1x
undistribute x
x(m-1)=z
divide both sides by (m-1)
and distributive proeprty, reversed
ab+ac=a(b+c)
xm=x+z
minus x from both sides
xm-x=z
xm-1x
undistribute x
x(m-1)=z
divide both sides by (m-1)