SOLUTION: In a loan of 8% compounded quarterly, what is the periodic interest?
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Question 201637: In a loan of 8% compounded quarterly, what is the periodic interest?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
In a loan of 8% compounded quarterly, what is the periodic interest?
If you mean 8% per year, then it's 2% per quarter.
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