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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Related Book For
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin
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