What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?
A. 8.07 %
B. 8.12 %
C. 8.16 %
D. 8.24 %
Answer: Option D
This Question Belongs to Civil Engineering >> Engineering Economics
Join The Discussion
Comments ( 3 )
Related Questions on Engineering Economics
The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where
A. 8% is the rate of interest per year
B. Money is borrowed for n = 7 years
C. Both (A) and (B)
D. Neither (A) nor (B)
A. Sole proprietorship
B. Entrepreneurship
C. Partnership
D. Corporation
A. P 43,600.10
B. P 43,489.47
C. P 43,263.91
D. P 43,763.20
A. Architect/engineer
B. Construction manager
C. Owner himself/herself
D. Construction manager
ER=(1+0.08/4)^4-1
ER= 0.0824
8.24%
Solution?
Solution?