Which column (i) and row (n) would you use from a present value or future value table for 8% interest compounded quarterly for 6 years?
A) (i) = 2%, (n) = 24
B) (i) = 4%, (n) = 24
C) (i) = 4%, (n) = 12
D) (i) = 2%, (n) = 8
E) (i) = 8%, (n) = 6

Question

Quizplus · Accepted Answer

The interest rate per period is 2% (8% annual rate divided by 4 quarters), and the number of periods is 24 (6 years times 4 quarters).

Which Column (I) and Row (N) Would You Use from a Present