November 25, 2015

Homework Help: Pre-calc

Posted by Amy on Wednesday, January 12, 2011 at 6:42pm.

Find the effective rate of interest for 5.25% compounded quarterly.

I don't know how to solve this.
Would I use this equation A=Pe^(rt)
But still I don't know because even if I put the given info into the equation I still need P and A

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