ECONOMICS
COMPOUND INTEREST
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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semiannually
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monthly
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quarterly
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3/24 of a year
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Detailed explanation-1: -A quarterly event happens four times a year, at intervals of three months.
Detailed explanation-2: -What Is a Fiscal Quarter? According to the quarter definition, it is a three-month interval in the business year during which a company’s financial results are published. As the name suggests, a year is divided into four quarters; therefore, a public listed company can issue its four quarterly reports every year.
Detailed explanation-3: -tri·month·ly (ˌ)trī-ˈmən(t)th-lē
Detailed explanation-4: -tri·mes·ter (ˌ)trī-ˈme-stər. ˈtrī-ˌ : a period of three or about three months.
Detailed explanation-5: -Tri-quarterly, absolutely, means either (a) every three quarters or (b) three times a quarter. It’s that simple.