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professor190 [17]
3 years ago
13

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

Mathematics
1 answer:
Virty [35]3 years ago
6 0

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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