3.8 If you have an account that compounds interest continuously and has an effective annual interest yield
Question:
3.8 If you have an account that compounds interest continuously and has an effective annual interest yield of 6.18 percent, what is the stated annual interest rate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Finance And Accounting For Nonfinancial Managers
ISBN: 978-0071364331
1st Edition
Authors: Samuel C Weaver ,J Fred Weston
Question Posted: