2. 3.56 An interest rate of 1.5% per month compounded continuously is closest to an effective rate...

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2. 3.56 An interest rate of 1.5% per month compounded continuously is closest to an effective rate of:

1. 1.51% per quarter 2. 4.5% per quarter 3. 4.6% per quarter 4. 9% per 6 months

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Basics Of Engineering Economy

ISBN: 9781259683312

3rd Edition

Authors: Leland T. Blank, Anthony Tarquin

Question Posted: Oct 25, 2024 02:00 PM

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2. 3.56 An interest rate of 1.5% per month compounded continuously is closest to an effective rate...

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Basics Of Engineering Economy

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