4-147. A bank advertises mortgages at 12% compounded continuously. What is the effective annual interest? (4.16) (a)

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4-147. A bank advertises mortgages at 12% compounded continuously. What is the effective annual interest? (4.16)

(a) 12.36%

(b) 12.55%

(c) 12.75%

(d) 12.68%

(e) 12.00%

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Engineering Economy

ISBN: 9780134870069

17th Edition

Authors: William Sullivan, Elin Wicks, C Koelling

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Question Posted: Oct 26, 2024 01:00 PM

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4-147. A bank advertises mortgages at 12% compounded continuously. What is the effective annual interest? (4.16) (a) 12.36% (b) 12.55% (c) 12.75% (d) 12.68% (e) 12.00%
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4-147. A bank advertises mortgages at 12% compounded continuously. What is the effective annual interest? (4.16) (a)

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Engineering Economy

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