If 10% interest rate per year compounded quarterly, what is the effective interest rate per quarter? Select

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If 10% interest rate per year compounded quarterly, what is the effective interest rate per quarter?

Select one:

a. 0.83%

b. 2.5%

c. 7.5%

d. 5%

Related Book For answer-question

Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Posted Date: Aug 24, 2020 05:48 AM

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If 10% interest rate per year compounded quarterly, what is the effective interest rate per quarter? Select

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Engineering economy

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