Calculate what the nominal annual rate compounded each month should be to have a real rate of

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Calculate what the nominal annual rate compounded each month should be to have a real rate of 5% per year, assuming an inflation rate of 3.52% per year.

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Posted Date: Apr 08, 2024 12:42 AM

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Calculate what the nominal annual rate compounded each month should be to have a real rate of

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Engineering Economic Analysis

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