What annual nominal rate compounded monthly has the same annual percentage yield as 7% compounded continuously?

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Mar 22, 2022 01:04 AM

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What annual nominal rate compounded monthly has the same annual percentage yield as 7% compounded continuously?

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

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