Determine the number of times interest is compounded in a year for the following interest statements: (a)

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Determine the number of times interest is compounded in a year for the following interest statements:

(a) 1% per quarter; 

(b) 2% per month;

(c) 8% per year, compounded every 2 months.

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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