SOLUTION: An interest rate of 8% compounded semi-annually is how many percent if compounded quarterly.

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Question 1184592: An interest rate of 8% compounded semi-annually is how many percent if compounded quarterly.
Answer by ikleyn(52787) About Me  (Show Source):
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An interest rate of 8% compounded semi-annually is how many percent if compounded quarterly.
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The multiplicative semi-annual growth multiplicative factor is  1+%2B+0.08%2F2 = 1.04.


Hence, the multiplicative quarter-annual growth factor is  sqrt%281.04%29 = 1.019804.


It means that the nominal annual percentage rate is  0.019804*4 = 0.079216 = 7.9216%  if compounded quarterly.


You may round it in any way you want.

Solved.