Ma2 Kaplan kit Q no 302 Forums › FIA Forums › MA2 Managing Costs and Finance Forums › Ma2 Kaplan kit Q no 302 This topic has 1 reply, 2 voices, and was last updated 1 year ago by Ken Garrett. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts June 2, 2021 at 3:13 pm #622784 Muskan558 Topics: 3Replies: 0☆ Q. The effective annual rate of interest of 2.1% compounded every three months is ______% Answer in the book [(1.021)? –1]×100 = 8.67% Doubt Why they haven’t divided 2.1% of annual interest by 4 as it is compounded on quarterly basis? June 2, 2021 at 6:39 pm #622825 Ken GarrettKeymaster Topics: 10Replies: 9975☆☆☆☆☆ It’s an error and it should be: (1 + 0.021/4)^4 – 1 = 0.021166 Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Log In