Your bank give you 6% annual interest compounded quarterly on all savings account balances. Which of the following is the multiplier used when modeling this situation A. 1.015 B. 1.02 C. 1.04 D. 1.06 E. 0.94

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sangwoooo

College

Your bank give you 6% annual interest compounded quarterly on all savings account balances. Which of the following is the multiplier used when modeling this situation

A. 1.015
B. 1.02
C. 1.04
D. 1.06
E. 0.94

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taytheboss987

It’s probably A 1.015 or 1.02
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