Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 55

A small company that makes modular bevel gear drives with a tight swing ratio for optimizing pallet truck design was told that the interest rate on a mortgage loan would be an effective 4% per quarter, compounded monthly. The owner was confused by the terminology and asked you to help. What are
a) the APR and b) the APY