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 • 08/04/16An 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%.

Follow
•
2

Add comment

More

Report

John, the compounding is a total of 4% over a year. If compounding happens quarterly, then it's 1% each time.

Make sense?

Ask a question for free

Get a free answer to a quick problem.

Most questions answered within 4 hours.

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.