Question #7634

a principle sum of money is loaned to an account paying interest at 11.67% compounded quaterly for 8 years and 6 months,
(1)determine the interest rate i per period
(2) determine the total number of interest period n of this transaction.

Expert's answer


Y2 Q3 Y2 Q4 Y3 Q1 Y3 Q2 Y3 Q3 Y3 Q4 Y4 Q1

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