Basics of Engineering Economy 2nd Edition by Anthony Tarquin,Leland Blank

Exercise 2

Identify each of the following interest rate statements as either nominal or effective.
a. 4% per year
b. 6% per year compounded annually
c. 10% per quarter
d. 8% per year compounded monthly
e. 1% per month
f. 1% per month compounded monthly
g. 0.1% per day compounded hourly
h. effective 1.5% per month compounded weekly
i. 12% per year compounded semiannually
j. 1% per month compounded continuously