John, the compounding is a total of 4% over a year. If compounding happens quarterly, then it's 1% each time.
Make sense?
John D.
asked • 08/04/16Compounding
An account with an APR of 4% and quarterly compounding increases in value every three months by
Question 4 options:
A)
1/4%.
B)
4%.
C)
1%.
Question 4 options:
A)
1/4%.
B)
4%.
C)
1%.
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