Gavin deposited money into his savings account that is compounded annually at an interest rate of 9%. Gavin thought the equivalent quarterly interest rate would be 2.25%. Is Gavin correct? If he is, explain why. If he is not correct, state what equivalent quarterly interest rate is and show how you got your answer. ( Please only answer if you know how to. Brainliest answer.

definition : When you are using quarterly interest rates instead of annual, you can find the appropriate rate by dividing the annual interest rate by the number of periods. For example, a 12 percent annual interest rate divided by four periods is a three percent quarterly interest rate.

so he uses 9% annually divided by 4 ( the year consist of four quarters )=2.25 which is correct.

9/4=2.25

Step-by-step explanation:

step-by-step explanation:

most likely the answer is a.

alice wins if a total of 5 is rolled. finn wins if a total of 9 is rolled.

. + λrh() e 1 1 2 4 4 4 4 4 3 4 4 4 4 4 + th−1(− s(x)2 dx ω + λrh−1() e 2 1 2 4 4

step-by-step explanation: