Assignment What's the Equivalent interest rate? See pic below, you can write your answer on paper and submit a picture, but you must include all the steps for full credit. You can also submit on MS WORD doc. What's the Equivalent interest rate? Mr. Fox was going to the bank to get a loan at 10% compounded quarterly. Mr. Wolf, said to him "I can give you a loan instead! But all my loans are always compounded annually." What is the interest rate (i/y) Mr. Fox should ask Mr. Wolf for to get the same value loan