SOLUTION: Given the annual interest rate and the compounding period, find i, the interest rate per compounding period.
I=
4.4%compounded quarterly
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-> SOLUTION: Given the annual interest rate and the compounding period, find i, the interest rate per compounding period.
I=
4.4%compounded quarterly
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Question 1182406: Given the annual interest rate and the compounding period, find i, the interest rate per compounding period.
I=
4.4%compounded quarterly Answer by ikleyn(52781) (Show Source):
You can put this solution on YOUR website!
To find interest rate per compounding period, take the annual rate as the decimal
and divide it by the number of compounding periods in a year.
