y-inter slope= 0
factor the numerator and denominator and cancel the common factors
yes, gavin is right.
gavin is correct.
this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,
9% per year × (1 year / 4 quarters) = 2.25% per quarter
if he was asked to convert 9% per year to how many percent per quarter compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.
hope this , have a good day. c;