Answered: What nominal rate per month is…

What nominal rate per month is equivalent to an effective 6.3 % per month, compounded continuously? None of these answers b. 39.18% O c. 6.50% O d. 6.11%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What nominal rate per month is equivalent to an effective 6.3 % per month, compounded continuously?
None of these answers
Ob. 39.18%
O c. 6.50%
O d. 6.11%

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