QQuestionMathematics
QuestionMathematics
"If interest is compounded quarterly, how many times a year is it compounded?
A. Four
B. One
C. Twelve
D. Two"
6 months agoReport content
Answer
Full Solution Locked
Sign in to view the complete step-by-step solution and unlock all study resources.
Step 1I'll solve this problem step by step:
Step 2: Understand the Term "Compounded Quarterly"
- The term "quarterly" means four times per year - Quarterly refers to dividing the year into four equal periods (quarters) - Each quarter represents 3 months of the year
Final Answer
Four The key point is that "quarterly" always means four times per year, regardless of the specific financial context.
Need Help with Homework?
Stuck on a difficult problem? We've got you covered:
- Post your question or upload an image
- Get instant step-by-step solutions
- Learn from our AI and community of students