If you deposit $P into a savings account that earns interest at a rate of i% per

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If you deposit $P into a savings account that earns interest at a rate of i% per month for n years, the future worth in year n is represented by all of the following equations, except:

(a) F = $P(F∕P, effective i/month, 12n)

(b) F = $P(F∕P, effective i/quarter, 3n)

(d) F = $P(F∕P, effective i/year, n)

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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 08:41 AM

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If you deposit $P into a savings account that earns interest at a rate of i% per

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Engineering Economy

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