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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 53
For an interest rate of 2% per month, the effective semiannual interst rate is:
A) 2.02%
B) 12.005%
C) 12.31%
D) 12.62%
A) 2.02%
B) 12.005%
C) 12.31%
D) 12.62%
Explanation
Verified
Verified
r is the nominal annual intere...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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