Please correct answer and don't used hand raiting You are told the effective interest rate on an account is 3.8%, if the interest is compounded continuously. What is the annual percentage rate for the account? Give youranswer to four decimal places.The annual percentage rate is%.Submit Answer

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Answered: You are told the effective interest…

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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Similar questions

How do I find the annual percentage rate with the effective interest rate?
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You are told the effective interest rate on an account is 3.8%, if the interest is compounded continuously. What is the annual percentage rate for the account? Give your answer to four decimal places. The annual percentage rate is %. Submit Answer