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March 29, 2015

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?

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