document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1153386>Question 1153386</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What interest rate compounded quarterly will yield an effective interest rate of 2​%? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #775606 by </B><A HREF=/tutors/aboutme.mpl?userid=MathLover1><B>MathLover1(20849)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathLover1><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=MathLover1><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=775606\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "The formula for calculating effective yield is as follows:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=i+=+%281+%2B+%28r%2Fn%29%29%5En+-+1 ALIGN=MIDDLE  ALT=\"i+=+%281+%2B+%28r%2Fn%29%29%5En+-+1\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "Where:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=i ALIGN=MIDDLE  ALT=\"i\"   DISABLED_style= \"max-width:90%; height:auto;\" > = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2 ALIGN=MIDDLE  ALT=\"2\"   DISABLED_style= \"max-width:90%; height:auto;\" >% =<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.02 ALIGN=MIDDLE  ALT=\"0.02\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r ALIGN=MIDDLE  ALT=\"r\"   DISABLED_style= \"max-width:90%; height:auto;\" > = nominal rate<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n+ ALIGN=MIDDLE  ALT=\"n+\"   DISABLED_style= \"max-width:90%; height:auto;\" >=<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4 ALIGN=MIDDLE  ALT=\"4\"   DISABLED_style= \"max-width:90%; height:auto;\" > ( compounded quarterly)\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.02=+%281+%2B+%28r%2F4%29%29%5E4+-+1 ALIGN=MIDDLE  ALT=\"0.02=+%281+%2B+%28r%2F4%29%29%5E4+-+1\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.02%2B1=+1%2F256+%28r+%2B+4%29%5E4 ALIGN=MIDDLE  ALT=\"0.02%2B1=+1%2F256+%28r+%2B+4%29%5E4\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.02%2F%281%2F256%29=+%28r+%2B+4%29%5E4 ALIGN=MIDDLE  ALT=\"1.02%2F%281%2F256%29=+%28r+%2B+4%29%5E4\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=261.12=+%28r+%2B+4%29%5E4 ALIGN=MIDDLE  ALT=\"261.12=+%28r+%2B+4%29%5E4\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=root%284%2C261.12%29=+r+%2B+4 ALIGN=MIDDLE  ALT=\"root%284%2C261.12%29=+r+%2B+4\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4.01985=+r+%2B+4 ALIGN=MIDDLE  ALT=\"4.01985=+r+%2B+4\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4.01985-4=+r+ ALIGN=MIDDLE  ALT=\"4.01985-4=+r+\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.01985 ALIGN=MIDDLE  ALT=\"r=0.01985\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=+1.985 ALIGN=MIDDLE  ALT=\"r=+1.985\"   DISABLED_style= \"max-width:90%; height:auto;\" >%\r<BR>\n" );
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document.write( " </SPAN>\n" );
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