### Nominal and Effective Interest Example.

**SOLUTION**Alternately,

Effective interest rate per year

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###
Nominal and Effective Interest Example.

If a savings bank pays 11/2% interest every 3 months, what are the nominal and effective interest rates per year?

**SOLUTION**

Alternately,

Effective interest rate per year

## Labels

Alternately,

Effective interest rate per year

Interest Formulas
(24)
Interest and Equivalence
(20)
Cost Estimating
(19)
Uniform Series
(18)
Economic Decisions
(16)
Engineering Costs
(8)
Cash Flow
(6)
Costs
(3)
Economic Analysis
(3)
General
(3)
Arithmetic Gradient
(2)
Balance
(1)
Gradients
(1)
Interest
(1)
MARR
(1)
Time and Interest
(1)

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