Question: 1.)True or false Linear interpolation is acceptable and is considered sufficient when the values of i are close to each other. There is no formula

1.)True or false

  • Linear interpolation is acceptable and is considered sufficient when the values of "i" are close to each other.
  • There is no formula expressing the relationship between effective rates and continues interest rate.
  • Engineering economy is a decision assistance tool by which one method will be chosen as the most economical one.

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