To determine the quarterly interest rate for a simple annual interest rate divide the annual rate by 4. Quarterly Payment Loan Calculator Enter the interest rate and two more fields then press the button next to the field to calculate. Interest Rate Decimal Compounded.
Cq P 1r4n 1 Where C q is the quarterly compounded interest.
R r 100. Simple Interest Divide the annual interest rate by 100 to convert it to a decimal. Simple Interest Formulas and Calculations. I Interest Amount.