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August 22, 2014

August 22, 2014

Posted by **Jackie** on Wednesday, May 23, 2012 at 10:29pm.

- math -
**MathMate**, Wednesday, May 23, 2012 at 10:53pmQuarterly means 4 times a year.

So

(1+0.14/4)^4

=1.035^4

=1.147523

or

effective rate

=14.7523%

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