Answered: :For an interest rate of 4% per…

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:For an interest rate of 4% per quarter, the effective annual rate is closest to 16.00% 17.75% 8.00% 16.99% 18.5C%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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:For an interest rate of 4% per quarter, the effective annual rate is closest to
16.00%
17.75%
8.00%
16.99%
18.5C%

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