OYou are told the effective interest rate on an account is 9.1.%. if the interest is compounded cantinuous ly: What percen tage I four decimal places) is the annual rate for the account?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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How do I find the annual percentage rate with the effective interest rate?
O You are told the effective interest rate on
an
account
is
9.1%. ,
if
the
interest is
compounded cantinuously. What is the annual
percen tage
( four decimal places)
rate
for
the accaunt?
Transcribed Image Text:O You are told the effective interest rate on an account is 9.1%. , if the interest is compounded cantinuously. What is the annual percen tage ( four decimal places) rate for the accaunt?
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