Multiple Choice
Find i (the rate per period) and n (the number of periods) for the loan at the given annual rate.
-Quarterly Payments of $3000 are made for 4 years to repay a loan at 10.2% compounded quarterly.
A) i = 0.102; n = 16
B) i = 0.0255; n = 16
C) i = 0.0255; n = 4
D) i = 0.006375; n = 4
Correct Answer:
Verified
Correct Answer:
Verified
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