Answer
None of the above
Step-by-step explanation:
Ni is not correct. To solve
the equivalent quarterly interest rate, the annual interest rate should be multiplied
by the correct ratio. Since the annual interest rate is 4% per year. So in 1 quarter
is equal to 0.25 year.
<span>(4% / year) (0.25 year/ 1
quarter) = 1% per quarter</span>
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Answer:
100
Step-by-step explanation:
Answer:

I hope this is good enough: