Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin

Exercise 3

Identify the compounding period for the following interest statements: ( a ) 3% per quarter; ( b ) 10% per year compounded semiannually; ( c ) nominal 7.2% per year compounded monthly; ( d ) effective 3.4% per quarter compounded weekly; and ( e ) 2% per month compounded continuously.