What annual nominal rate compounded monthly has the same annual percentage yield as 9% compounded continuously? The annual nominal rate is %. (Round to two decimal places as needed.)
What annual nominal rate compounded monthly has the same annual percentage yield as 9% compounded continuously? The annual nominal rate is %. (Round to two decimal places as needed.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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What annual nominal rate compounded monthly has the same annual percentage yield as
9% compounded continuously?
The annual nominal rate is
%.
(Round to two decimal places as needed.)
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