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Fundamentals of Engineering Economics 3rd Edition by Chan Park
النسخة 3الرقم المعياري الدولي: 978-0132775427Fundamentals of Engineering Economics 3rd Edition by Chan Park
النسخة 3الرقم المعياري الدولي: 978-0132775427 تمرين 5
American Eagle Financial Sources, which makes small loans to college students, offers to lend a student $500. The borrower is required to pay $38 at the end of each week for 16 weeks. Find the interest rate per week. What is the nominal interest rate per year? What is the effective interest rate per year?
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Given information:
• Borrowed amount is...
Fundamentals of Engineering Economics 3rd Edition by Chan Park
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