Question: solve please ENGINEERING ECONOMY (All Sections An interest rate is an effective rate under all of the following conditions, except when: O The interest period

solve please

solve please ENGINEERING ECONOMY (All Sections An interest rate is an effective

ENGINEERING ECONOMY (All Sections An interest rate is an effective rate under all of the following conditions, except when: O The interest period and compounding period are the same lag O The interest period is shorter than the compounding period. ( The interest statement says that the interest rate is elfective O The compounding period is not stated A contractor decided to borrow $7000 from a bank in order to buy an equipment for his company. The bank a pay $67 per month but can increase his monthly payment by a certain value in arithmetic way (6 value). What

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