Compute effective rate of interest where nominal rate is 8% compounded quarterly?

Answer 1

Jiskha's tutors answer very few homework dumping questions.

Answer 2

Effective rate = (1+r/4)^4 -1
= (1+0.08/4)^4-1

=(1.02)^4-1
= 16.98%

Answer 3

5rugjh

Answer 4

8.30 %