Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 16

Identify the following interest rate statements as either nominal or effective:
a) 1.5% per month,compounded daily; b) 17% per year, compounded quarterly; c) effective 15% per year, compounded monthly; d) nominal 0.6% per month, compounded weekly; e) 0.3% per week, compounded weekly; and f) 8% per year.