Find i (the rate per period) and n (the number of periods) for the loan at the given annual rate.Quarterly Payments of $3000 are made for 4 years to repay a loan at 10.2% compounded quarterly.
A. i = 0.0255; n = 16
B. i = 0.0255; n = 4
C. i = 0.102; n = 16
D. i = 0.006375; n = 4
Answer: A
Mathematics
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