Mathematics, 09.10.2019 17:30 Rock3422

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 the equivalent quarterly interest rate is and show how you got your answer.

answer the question. it is worth many points. and you.

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