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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 9
Calculate the real interest rate per month if the nominal inflation adjusted interest rate per year, compounded monthly, is 18% and the inflation rate per month is 0.5%.
Explanation
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The formula for inflated inter...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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