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Fundamentals of Engineering Economics 3rd Edition by Chan Park
Edition 3ISBN: 978-0132775427Fundamentals of Engineering Economics 3rd Edition by Chan Park
Edition 3ISBN: 978-0132775427 Exercise 1
A loan company offers money at 1.25% per month compounded monthly.
(a) What is the nominal interest rate?
(b) What is the effective annual interest rate?
(a) What is the nominal interest rate?
(b) What is the effective annual interest rate?
Explanation
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Given information:
• Interest rate per ...
Fundamentals of Engineering Economics 3rd Edition by Chan Park
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