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EN INTEREST RATE DESIRED INTEREST RATE 6% per week % per quarter % Per month Nominal rate per 6 months Nominal rate per year Nominal rate per year Nominal rate per years Nominal rate per quarter % per quarter % per 6 months

EN INTEREST RATE DESIRED INTEREST RATE 6% per week % per quarter % Per month Nominal rate per 6 months Nominal rate per year Nominal rate per year Nominal rate per years Nominal rate per quarter % per quarter % per 6 months

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Convert the given interest rates in the left-hand column into the nominal rates listed in the right-hand column. (Assume 4 weeks = 1 month.) GIVEN INTEREST RATE DESIRED INTEREST RATE 0.186% per week 3.18% per quarter Nominal rate per 6 months Nominal rate per year Nominal rate per year Nominal rate per years Nominal rate per quarter 1.03% Per month 2.21% per quarter 7.26% per 6 months
Transcribed Image Text:Convert the given interest rates in the left-hand column into the nominal rates listed in the right-hand column. (Assume 4 weeks = 1 month.) GIVEN INTEREST RATE DESIRED INTEREST RATE 0.186% per week 3.18% per quarter Nominal rate per 6 months Nominal rate per year Nominal rate per year Nominal rate per years Nominal rate per quarter 1.03% Per month 2.21% per quarter 7.26% per 6 months
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