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What rate of interest compounded annually is the same as the...

This question belongs to Civil Engineering Engineering Economics
Engineering Economics
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What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?

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Correct Answer: Option D
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3 Comments
Anne Marquez
Anne Marquez 5 years ago
ER=(1+0.08/4)^4-1
ER= 0.0824
8.24%
Va P
Va P 6 years ago
Solution?
Carlo Subida
Carlo Subida 6 years ago
Solution?
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