Answer:
True
Step-by-step explanation:
The year is typically divided into equal different lengths of time. There are, for example, quarters, which divide the year by 4, i. e., in 4 periods of 3 months each. Other example are semesters, in this case, the year is divided into 2 periods of 6 months each. Taking this into account, an interest calculated on a balance every three months is compounded quarterly.
You get (c-4)d = cd - 4d.
You have to "distribute" the d to the c and the 4.
Answer:
18 = 3.2
Step-by-step explanation:
