Interest calculated on a balance every three months is said to be compounded quarterly. true or false

Question

Interest calculated on a balance every three months is said to be compounded quarterly.

true or false

0

Answers ( No )

  1. Emma
    0
    2021-09-10T07:19:52+00:00

    Answer:

    True

    Step-by-step explanation:

    The year is typically divided into equal different lengths of time. There are, for example, quarters, which divide the year by 4, i. e., in 4 periods of 3 months each. Other example are semesters, in this case, the year is divided into 2 periods of 6 months each. Taking this into account, an interest calculated on a balance every three months is compounded quarterly.

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