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Basics of Engineering Economy 2nd Edition by Anthony Tarquin,Leland Blank
Edition 2ISBN: 978-0073376356Basics of Engineering Economy 2nd Edition by Anthony Tarquin,Leland Blank
Edition 2ISBN: 978-0073376356 Exercise 3
Identify the compounding period associated with each of the following interest rate statements.
a. 2% per quarter
b. 3% per quarter compounded monthly
c. effective 1% per month compounded weekly
d. nominal 6.5% per year compounded semiannually
e. 1% per month
f. effective 7% per year compounded annually
a. 2% per quarter
b. 3% per quarter compounded monthly
c. effective 1% per month compounded weekly
d. nominal 6.5% per year compounded semiannually
e. 1% per month
f. effective 7% per year compounded annually
Explanation
Verified
Verified
Nominal interest rate is the interest ra...
Basics of Engineering Economy 2nd Edition by Anthony Tarquin,Leland Blank
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