Wednesday
April 16, 2014

Homework Help: Math

Posted by George on Wednesday, November 2, 2011 at 10:15pm.

The annual interest rate on an investment is 8%. What is the quarterly rate?
(a) 1% (b)12% (c) 16% (d)2% (e)3%

Can someone help me figure out the formula for finding out the quarterly rate?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - An investment of $2500 is made at an annual interest rate of 5.5% .How ...
programming - Having troube with java, i am not a regular programmer, if anybody...
compound interest - How do I solve these problems? Complete the table for a ...
MATH - An investment adviser invested $14,000 in two accounts. One investment ...
math modeling - Determine the annual interest rate r required for an investment ...
Math - An investment advisor invested a total of $12,000, part at 2.5% annual ...
eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...
Algebra - An investment adviser invested $14,000 in two accounts. One investment...
Math - Becky has saved $4500. She would like to earn $325 per year, by ...
business math - . Compute the amount of compound interest earned in 1 year for ...

Search
Members