let the quarterly rate be i
then
1(1+i)^12 = 3
(1+i) = 3^(3/12) = 3^(1/4) = 1.316
i = .316
or
appr 31.6 % per quarter, or appr 126.4% per annum
quickly, tell me who is giving us that, I have a few dollars to invest.
Suppose an investment offers to triple your money in 36 months (don’t believe it). What rate of return per quarter are you being offered
1 answer