What simple interest rate, compounded quarterly, is equivalent to a 8.70% effective interest rate? (Note: present your

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What simple interest rate, compounded quarterly, is equivalent to a 8.70% effective interest rate?

(Note: present your answer in percentage form with 2 decimal places)

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Posted Date: Mar 09, 2024 05:37 AM

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What simple interest rate, compounded quarterly, is equivalent to a 8.70% effective interest rate? (Note: present your

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Engineering Economic Analysis

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