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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 63
Identify the following interest rates as nominal or effective. Rate 1: 1.5% per quarter
Rate 2: 1.5% per quarter, compounded monthly
A) Both are nominal rates.
B) Rate 1 is nominal and rate 2 is effective.
C) Rate 1 is effective and rate 2 is nominal.
D) Both are effective.
Rate 2: 1.5% per quarter, compounded monthly
A) Both are nominal rates.
B) Rate 1 is nominal and rate 2 is effective.
C) Rate 1 is effective and rate 2 is nominal.
D) Both are effective.
Explanation
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Rate 1 is effective because no...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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