Asked by Jackie Yale
Suppose an investment offers to double your money in 12 months. What rate of return per quarter are you being offered?
Answers
Answered by
Reiny
let quarterly rate be i
1(1+i)^4 = 2
1+i = 2^(1/4)
1+i = 1.189207
i = .189207
annual rate compounded quarterly is
.7568 or 75.68%
(I want in !)
1(1+i)^4 = 2
1+i = 2^(1/4)
1+i = 1.189207
i = .189207
annual rate compounded quarterly is
.7568 or 75.68%
(I want in !)
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