5. 3.5 For an interest rate of 0.5% per 2 months, determine the number of times interest...

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5. 3.5 For an interest rate of 0.5% per 2 months, determine the number of times interest is compounded in

(a) 2 months;

(b) 2 semiannual periods;

and

(c) 3 years.

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Basics Of Engineering Economy

ISBN: 9781259683312

3rd Edition

Authors: Leland T. Blank, Anthony Tarquin

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