The Bawl Street Journal costs $206, payable now, for a 2-year subscription. The newspaper is published 252

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The Bawl Street Journal costs $206, payable now, for a 2-year subscription. The newspaper is published 252 days per year (5 days per week, except holidays). If a 10% nominal annual interest rate, compounded quarterly is used:
(a) What is the effective annual interest rate in this problem?
(b) Compute the equivalent interest rate per 1/252of a year.
(c) What is a subscriber's cost per copy of the news- paper, taking interest into account?
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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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