An effective 12.68% per year, compounded monthly, is the closest to: (a) 12% per year (b) 12%

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An effective 12.68% per year, compounded monthly, is the closest to:

(a) 12% per year

(b) 12% per year, compounded annually

(d) 1% per month, compounded annually

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 05:41 AM

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An effective 12.68% per year, compounded monthly, is the closest to: (a) 12% per year (b) 12%

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01268 1 r12 12 1 1 r12 12 11268 12log 1 r1...View the full answer

Engineering economy

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