QUESTION 9 What is the effective monthly interest rate considering an APR of 6% compounded continuously? O 4.040% 0.501% 2.253% 1.508%

ENGR.ECONOMIC ANALYSIS
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QUESTION 9
What is the effective monthly interest rate considering an APR of 6% compounded continuously?
O 4.040%
A
0.501%
2.253%
1.508%
Transcribed Image Text:QUESTION 9 What is the effective monthly interest rate considering an APR of 6% compounded continuously? O 4.040% A 0.501% 2.253% 1.508%
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