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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
An interest rate of 18% per year, compounded continuously,
is closest to an effective:
(a) 1.51% per quarter
(b) 4.5% per quarter
(c) 4.6% per quarter
(d) 9% per 6 months
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