3. Page 1073.57 For an interest rate of 1% per quarter compounded continuously, the effective semiannual interest

Question:

3. Page 1073.57 For an interest rate of 1% per quarter compounded continuously, the effective semiannual interest rate is closest to:

1. 1.005%

2. 2.0%

3. 2.02%

4. 2.20%

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Basics Of Engineering Economy

ISBN: 9781259683312

3rd Edition

Authors: Leland T. Blank, Anthony Tarquin

Question Posted: