For the investment situation below Identify the annual Inter

For the investment situation below. Identify the annual Interest rate, the length of the investment in years, the periodic Interest rate, end the number of periods of the investment. 4% compounded quarterly for 7 years the annual Interest rate the length of the Investment in years the periodic interest rate the number of periods of the Investment

Solution

n is given as 4 since quaterly they have mentioned
a) r=.04
b) t=7
c) c= r/n=.04/4=0.01
d) d= n*t=4*7=28