IN MATH: 1. adj. occurring once every three months; once every quarter of the year; four times per year. EX. Compute the total interest paid on $100 invested at 20% nominal annual interest compounded quarterly.

    See:
  • exp.xls - spreadsheet which computes principle quarterly, monthly, daily, by compounding

IN ENGLISH: 1. as defined above.

APPLICATION: See list 0.

1. Compute the interest on $100 at 20% annual interest rate for one year.

2. Compute the total interest paid on $100 invested at 20% nominal annual interest compounded quarterly for one year.

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