Find the formula for finding the effective rate of interest re for multiple compoundings when t 1 From the explanation of the effective rate of interest in Problem 11 24 (e), we can write mi P(1 re)' P(1 m Dividing by P and taking the tth root of each side, For continuous compounding, m 1 re (1 ) 1...

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Find the formula for finding the effective rate of interest re for multiple compoundings when t >

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Schaum S Outline Of Mathematical Methods For Business Economics And Finance

ISBN: 978-1264266876

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Authors: Luis Moises Pena Levano

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Find the formula for finding the effective rate of interest re for multiple compoundings when t > 1. From the explanation of the effective rate of interest in Problem 11.24 (e), we can write mi "...
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Find the formula for finding the effective rate of interest re for multiple compoundings when t >

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From the explanation of the effective rate of interest in Problem 11.24 (e), we can write mi " P(1+re)' = P(1+ m Dividing by P and taking the tth root of each side, For continuous compounding, m 1+re=(1+)" 1+re = (1 Te=(1+)-1 m P(1+re) Pert = (11.14)

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Schaum S Outline Of Mathematical Methods For Business Economics And Finance

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