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?
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
Section: Chapter Questions
Problem 1PS
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How do I find the annual percentage rate with the effective interest rate?
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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