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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 41
An interest rate of nominal 12% per year compounded weekly, is:
a) An effective rate per year
b) An effective rate per week
c) A nominal rate per year
d) An nominal rate per week
a) An effective rate per year
b) An effective rate per week
c) A nominal rate per year
d) An nominal rate per week
Explanation
Verified
Verified
A nominal interest rate calculates the r...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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