Convert the following rates of interest from:
1) 4% APR monthly to APR quarterly
2) 2% APR weekly to APR monthly
For APR quarterly, I got 1.003337036%
And for APR monthly, I got 0.166773534%
Are these correct?
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Convert the following rates of interest from:
1) 4% APR monthly to APR quarterly
2) 2% APR weekly to APR monthly
For APR quarterly, I got 1.003337036%
And for APR monthly, I got 0.166773534%
Are these correct?