Answer :
Answer:
16 compounded periods
Explanation:
Here ,the loan amount was not given , they asked to compute only the compounding period of the loan.,
The period of loan is 4 years
interest calculation mode is quarterly
= (12 months÷4 = 4 times in a year) [tex](12 months÷4 = 4 times in a year)[/tex]
= 4 ×4 = 16 compounding periods [tex]4 ×4 = 16 compounding periods[/tex]
Hence the 8% interest bearing 4 years loan will compounded 16 times