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.

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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