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

Exercise 4

Identify the compounding period for the following interest statements: ( a ) per year; ( b ) % per year compounded quarterly; ( c ) minal 7.2% per year compounded daily; ( d ) fective 3.4% per quarter compounded continuously; and ( e ) 012% per day compounded hourly.