978-0128012420 Chapter 5 Part 1

subject Type Homework Help
subject Pages 9
subject Words 1112
subject Authors George Wise, Philip Kosky, Robert T. Balmer, William D. Keat

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Kosky, Wise, Balmer, Keat: Exploring Engineering, Fourth Edition
Solution Manual Chapter 5: Engineering
Economics
5-1) Find the cost of borrowing $100,000 in Example 5.1 if the interest is compounded
hourly.
Need: Cost of borrowing = $ ______ for $100,000 at 5% compounded
hourly.
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