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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 6
For an interest rate of 1% per 2 months, determine the number of times would be compounded in
a) 2 months, b) two semiannual periods, and c) 3 years.
a) 2 months, b) two semiannual periods, and c) 3 years.
Explanation
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The formula for calculating effective an...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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