Question
Identify the following interest rates as nominal or effective: (ABET, SO1) A: i%= 6% per semiannual, compounded monthly B: i%= 7% per year, compounded
Identify the following interest rates as nominal or effective: (ABET, SO1) A: i%= 6% per semiannual, compounded monthly B: i%= 7% per year, compounded quarterly C: i%= 1.4% per month Select one: Oa. All of them are nominal Ob. A and C are effective, and B is nominal rate Oc. C is effective, and A and B are nominal rates Od. All of them are effective Oe. A is effective, and B and Care nominal rates
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Engineering economy
Authors: Leland Blank, Anthony Tarquin
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9781259027406, 0073376302, 1259027406, 978-0073376301
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