A thousand dollars is invested for 7 months at interest rate of 1% per month. What is

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A thousand dollars is invested for 7 months at interest rate of 1% per month. What is the nominal interest rate? What is the effective interest rate?

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Engineering Economics Analysis

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

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Question Posted: Mar 01, 2010 04:22 AM

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A thousand dollars is invested for 7 months at interest rate of 1% per month. What is

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