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4.1 From the interest statement 18% per year, compounded monthly, determine the values for interest period, compounding period, and compounding frequency.   4.2 From the interest statement 1% per month, determine the values for interest period, compounding period, and compounding frequency.   4.3 Determine the number of times interest would be compounded in 6 months from the interest statements ( a ) 18% per year, compounded monthly, ( b ) 1% per month, and ( c ) 2% per quarter.

4.1 From the interest statement 18% per year, compounded monthly, determine the values for interest period, compounding period, and compounding frequency.   4.2 From the interest statement 1% per month, determine the values for interest period, compounding period, and compounding frequency.   4.3 Determine the number of times interest would be compounded in 6 months from the interest statements ( a ) 18% per year, compounded monthly, ( b ) 1% per month, and ( c ) 2% per quarter.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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4.1 From the interest statement 18% per year, compounded monthly, determine the values for interest

period, compounding period, and compounding

frequency.

 

4.2 From the interest statement 1% per month, determine the values for interest period, compounding

period, and compounding frequency.

 

4.3 Determine the number of times interest would be

compounded in 6 months from the interest statements ( a ) 18% per year, compounded monthly,

( b ) 1% per month, and ( c ) 2% per quarter.

 

4.4 For an interest rate of 1% per 2 months, determine

the number of times interest would be compounded

in ( a) 2 months, ( b ) two semiannual periods, and

( c ) 3 years.

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