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Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134162690Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134162690 Exercise 3
A local bank advertised the following information: Interest 6.89%-effective annual yield 7.128%. No mention was made of the interest period in the advertisement. Can you figure out the compounding scheme used by the bank?
Explanation
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The fourth chapter of the textbook focus...
Contemporary Engineering Economics 6th Edition by Chan Park
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