Determine the interest rate compounded qarterly

Reference no: EM13180672

determine the present equivalent value of $400 paid every three months over a period of seven years in each of the follwing situations:

a) the interest rate is 12% componded annualy.

b) the interest rate is 12% compounded qarterly.

Reference no: EM13180672

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Determine the interest rate compounded qarterly : determine the present equivalent value of $400 paid every three months over a period of seven years in each of the follwing situations: a) the interest rate is 12% componded annualy. b) the interest rate is 12% compounded qarterly.

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