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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 45
An interest rate of 1.5% per month, compounded continously, is the same as:
a) An effective 1.5% per month
b) 4.5% per quarter, compounded continously
c) 6.0% per quarter, compounded continously
d) 9% per 6 months
a) An effective 1.5% per month
b) 4.5% per quarter, compounded continously
c) 6.0% per quarter, compounded continously
d) 9% per 6 months
Explanation
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Verified
Given information:
• Interest rate is 1...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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