An interest rate of 18% per year, compounded continuously, is closest to an effective: (a) 1.51% per

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An interest rate of 18% per year, compounded continuously, is closest to an effective:

(a) 1.51% per quarter

(b) 4.5% per quarter

(d) 9% per 6 months

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 08:29 AM

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An interest rate of 18% per year, compounded continuously, is closest to an effective: (a) 1.51% per

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Engineering Economy

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