Under what circumstances are the effective annual interest rate and the period interest rate equal? a. Never

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Under what circumstances are the effective annual interest rate and the period interest rate equal?

a. Never true

b. If the number of compounding periods per year is 1

c. If the number of compounding periods per year is infinite

d. Always true

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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Question Posted: Mar 26, 2024 01:02 AM

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Under what circumstances are the effective annual interest rate and the period interest rate equal? a. Never

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The correct answer is b If the number of compounding p...View the full answer

Principles Of Engineering Economic Analysis

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