Question:

Investment stuff?

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$2200, 12 % compounded quarterly, 8 quarterly payments

a)313.64

b)442.87

c)282.23

d)313.40

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  1. D


  2. Assuming you're talking about loan repayments required to pay off a loan of $2,200 in 8 equal quarterly instalments, at an annual interest rate of 12% compounded quarterly, with quarters of equal length:

    If payments are made at the end of each quarter, the repayment is $313.40

    Hence the answer is (d).
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