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Contemporary Engineering Economics 6th Edition By Chan Park (Solution Manual), GRADED A+, GUARANTEED PASS, PROFESSOR VERIFIED $13.49   Add to cart
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Contemporary Engineering Economics 6th Edition By Chan Park (Solution Manual), GRADED A+, GUARANTEED PASS, PROFESSOR VERIFIED
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  • Managerial Economics

Contemporary Engineering Economics 6th Edition By Chan Park (Solution Manual), GRADED A+, GUARANTEED PASS, PROFESSOR VERIFIED Price tag of 1,200 pesos is payable in 60 days. A 3% discount is offered if paid in 30 days. What is the rate of interest? - ANSWER 37.1% An engineer promised to pay...

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  • September 3, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • contemporary engineering economics exam

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  • Managerial Economics
  • Managerial Economics

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Contemporary Engineering Economics 6th Edition
By Chan Park (Solution Manual), GRADED A+,
GUARANTEED PASS, PROFESSOR VERIFIED



Price tag of 1,200 pesos is payable in 60 days. A 3% discount is offered if paid in 30 days. What is the rate
of interest? - ANSWER 37.1%



An engineer promised to pay 36000 pesos at the end of 90 days. He was offered 10% discount if he pays
in 30 days. Find the rate of interest. - ANSWER 66.6%



A man is required to pay 57500 pesos at the end of 15 days of 60000 pesos at the end of 60 days.
Determine the rate of interest. - ANSWER 34.78%



If the cost of money is 10% and the inflation rate is 6%, what interest rate will take care of the cost of
money and inflation? - ANSWER 16.6%



12% rate of interest can take care of the cost of money and inflation. If the nominal rate is 6%, what is
the rate of inflation? - ANSWER 5.7%



10% rate of interest can take care of the cost of the money and inflation. If the inflation rate is 6%, find
the nominal rate of interest. - ANSWER 3.8%



If the inflation rate is 5% per year and the cost of money is 16% per annum, how much interest rate
should be a borrower be changed to include the effect of inflation? - ANSWER 21.8%



Mr. J. de la Cruz borrowed money from a bank. He received from the bank P1340 and promised to pay
P1500 at the end of 9 months. Determine simple interest rate and the corresponding discount rate or
often reffered to as the Banker's discount - ANSWER SI = 51.92%

BD= 13.73%

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