What nominal rate per quarter is equivalent to an effective rate of 12.7% per year, compounded continuously?
What will be an ideal response?
0.127 = e r – 1 is the relation; r = ln (1 + i) provides the solution
r/year = ln(1.127)
= 0.1196 (11.96%)
r /quarter = 0.1196/4 = 0.0299 (2.99%)
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What will occur in a fire tube boiler if the water level within the shell is not maintained?
A) Fire box could build up creosote B) Tubes could build up soot C) Tubes could overheat D) Excess steam production could occur
Pollution control equipment for a pulverized coal cyclone furnace is estimated to cost $190,000 two years from now and an additional $120,000 four years from now. If Monongahela Power wants to set aside enough money now to cover these future costs, how much must be invested at an interest rate of 8% per year, compounded semiannually?
What will be an ideal response?
The legacy of the Gracchi brothers was to
a. leave Rome more socially and politically fractured. b. heal the divisions in Rome and prolong the life of the Republic. c. abolish slavery with the support of the landless lower classes. d. peacefully achieve lasting land reform and break the senatorial monopoly on power.
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Indicate whether the statement is true or false