document.write( "Question 1184592: An interest rate of 8% compounded semi-annually is how many percent if compounded quarterly. \n" ); document.write( "

Algebra.Com's Answer #815236 by ikleyn(52790) $\"\"$ $\"About$

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\n" ); document.write( "An interest rate of 8% compounded semi-annually is how many percent if compounded quarterly.
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document.write( "The multiplicative semi-annual growth multiplicative factor is   = 1.04.\r\n" );
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document.write( "Hence, the multiplicative quarter-annual growth factor is   = 1.019804.\r\n" );
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document.write( "It means that the nominal annual percentage rate is  0.019804*4 = 0.079216 = 7.9216%  if compounded quarterly.\r\n" );
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document.write( "You may round it in any way you want.\r\n" );
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