7. 1.92 The simple interest rate per year that will accumulate the same amount of money in...

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7. 1.92 The simple interest rate per year that will accumulate the same amount of money in 2 years as a compound interest rate of 20% per year is closest to:

a. 20.5%

b. 21%
3.

c. 22%
4.

c. 25%

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Basics Of Engineering Economy

ISBN: 9781259683312

3rd Edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Oct 25, 2024 02:00 PM

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7. 1.92 The simple interest rate per year that will accumulate the same amount of money in...

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Basics Of Engineering Economy

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