Basics Of Engineering Economy
Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 3, Problem 10P
To determine

Calculate the interest rate.

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What is the effective interest rate of interest rate is 16% per year compounded monthly?
A manufacturer of toilet flush valves wants to have ₱15,000,000 available 10 years from now so that a new product line can be initiated. If the company plans to deposit money each quarter from now, how much will it have to deposit each year if money is worth 7% compounded quarterly in order to have it available immediately at the end of 10 years? (a) Less than ₱182,000 (b) ₱182,500 (c) ₱191,300 (d) Over ₱262,000
Calculate the effective annual interest rate for 18% correspondingto each of the following:(a) compounded semi-annually(b) compounded quarterly(c) compounded bi-monthly(d) compounded monthly(e) compounded weekly(f) compounded daily(g) Compounded continuously

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Basics Of Engineering Economy

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