An interest rate of 21% per year, compounded every 4 months, is equivalent to what effective rate

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An interest rate of 21% per year, compounded every 4 months, is equivalent to what effective rate per year? Show hand and spreadsheet solutions.

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 05:38 AM

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An interest rate of 21% per year, compounded every 4 months, is equivalent to what effective rate

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Given i 21 interest rate m 3 compounding mode Co...View the full answer

Engineering economy

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