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Use the formula for compound interest as we know it:

A = P((1 + (r/100))^n)

and convert it into a formula, which calculates interest compounded quarterly.
in Mathematics by Diamond (39,246 points) | 25 views

1 Answer

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A = P((1 + (r/100))^n) to quarterly basis will be as follows:

 A = P[1 + (r/100)/4]^(nx4)
by Diamond (42,434 points)

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