Find I (The Rate Per Period) and N (The Number

question 23

Multiple Choice

Find i (the rate per period) and n (the number of periods) for the loan at the given annual rate.
-Quarterly Payments of $3000 are made for 4 years to repay a loan at 10.2% compounded quarterly.

• A) i = 0.102; n = 16
• B) i = 0.0255; n = 16
• C) i = 0.0255; n = 4
• D) i = 0.006375; n = 4

---

Definitions:

Hijra

In South Asian countries, a term used to describe transgender individuals, eunuchs, or intersex people who may form tight-knit communities with their own cultural traditions.

Sexuality

A complex aspect of human life, encompassing sexual orientation, preferences, identities, and behaviors.

Freedom of Thought

The right to hold or consider a fact, viewpoint, or thought, independent of others' viewpoints.