Answer to Question #271981 in Financial Math for DORA

Question

j2= 12% calculate to j4

Answer 1

Given;

j2=$12\%$

j2=$i_{2}\times2=12\%$

$i_{2}=\frac{12\%}{2}=6\%$

$j4=i_{2}\times4$

$=6\%\times4$

$=24\%$