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Final

# Final 3.doc

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School
Department
Economics
Course
ECO1192
Professor
All Professors
Semester
Fall

Description
ENGINEERINGECONOMICSECO1192AFinalExaminationCThoretFall20061If the rate of interest is 12 compounded annually the effective rate of interest isa 12b 3c 1d 12552If the rate of interest is 12 compounded quarterly the nominal rate of interest annual isa 12b 1255c 3d None of the above answers3If the rate of interest is 12 compounded quarterly the effective rate of interest annual isa 12b 1255c 3d None of the above answers4If the rate of interest is 12 compounded quarterly the actual quarterly rate of interest isa 12b 3c 4d 15If the rate of interest is 12 compounded continuously the nominal rate of interest isa 12Engineering EconomicsECO 1192A Page 1First Partial Examination BLUE October 2006b 1255c 1275d None of the above answers6If the rate of interest is 12 compounded continuously the effective rate of interest isa 12b 1255c 1275d None of the above answers7Which nominal rate of interest compounded annually is equivalent to an actual quarterly rate of 2 a 8b 2c 89d None of the above answers8The actual monthly rate of interest equivalent to a nominal rate of 12 compounded monthly isa 12b 1c 12986d None of the above answers9The nominal rate of interest will exceed the effective rate of interest whena simple interest is usedb compounding tends to infinityc when the nominal rate exceeds 28d None of the above answers10What is the dollar amount AA in Table 1 below if 10000 is invested for three 3 years at a simple interest of 10 per yeara 12000b 12100c 11000d None of the above answersTABLE 1AMOUNT INTEREST INCOME EOY AMOUNTEndofyear INVESTEDFOR YEAREngineering EconomicsECO 1192A Page 2First Partial Examination BLUE October 2006
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