SOLUTION: Find the rate per period (i) and the number of periods (n) for the following situation: 8% compounded quarterly for 3 years. Could someone help with a formula to do for this?

SOLUTION: Find the rate per period (i) and the number of periods (n) for the following situation: 8% compounded quarterly for 3 years. Could someone help with a formula to do for this?

Algebra.Com

Question 1200675: Find the rate per period (i) and the number of periods (n) for the following situation: 8% compounded quarterly for 3 years.

Could someone help with a formula to do for this?

Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Find the rate per period (i) and the number of periods (n) for the following situation: 8% compounded quarterly for 3 years.
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3 years = 12 quarters
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8% per year = 2% per quarter
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