If you want to have $10,000 at the end of 3n years, you must deposit $86 at the end of the first 2n years and $98 at the end of each subsequent n years (12.25%).
Effective yearly interest rate is equal to (1 + (nominal rate divided by the number of compounding periods)). (Amount of compounding intervals) minus 1.
This would be: 10.47% = (1 + 10% x 12) x 12 - 1 for investment A.
It would be as follows for investment B: 10.36% = (1 + (10.1% 2)) 2 - 1.
The interest payment that the borrower pays the lender is determined by the interest rate. Lenders' quoted interest rates are yearly rates. The interest payment on the majority of house mortgages is computed monthly. As a result, the rate is divided by 12 before the payment is determined.
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