6. 3.6 Identify the compounding period for the following interest statements: (a) 2% per quarter; (b) 8%

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6. 3.6 Identify the compounding period for the following interest statements:

(a) 2% per quarter;

(b) 8% per year compounded semiannually;

(c) 4.5% per year compounded monthly;

(d) effective 3.5% per quarter compounded weekly; and

(e) 1% per month compounded continuously.

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Basics Of Engineering Economy

ISBN: 9781259683312

3rd Edition

Authors: Leland T. Blank, Anthony Tarquin

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