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What is the equivalent compound weekly rate for 8.5% compound quarterly? (convert from compound quarterly to compound weekly). Enter your answer below as a percent to 4 decimal places.

Expert Solution

Weekly compounding rate = Quarterly compounding rate
(1+r/52)^52 = (1+r/4)^4
(1+r/52)^52 = (1+8.5%/4)^4
1+r/52 = (1+8.5%/4)^(4/52)
r = ( (1+8.5%/4)^(4/52) - 1 ) * 52 =	8.4178%

jeff jeffy answered 2 years ago

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