# Question: in the future value of an annuity calculation what variables...

###### Question details

In the future value of an annuity calculation, what variables must be adjusted if payments are made quarterly?

a) The N, or number of periods must be changed to 4 to reflect 4 payments per year, AND the interest rate must be multiplied by 4 to appropriately adjust the periods compounded.

b) The N, or number of periods must be changed to 4, to reflect 4 payments per year, AND the interest rate must be divided by 4 to appropriately adjust the compounding.

c) The N, or number of periods must be changed to 3 to reflect 3 payments per year, AND the interest rate must be multiplied by 3 to appropriately adjust the periods compounded.

d) The N, or number of periods must be changed to 3 to reflect 3 payments per year, AND the interest rate must be divided by 3 to appropriately adjust the periods compounded.