A bank quotes you an interest rate of 14% per annum with quarterly compounding. What is the
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A bank quotes you an interest rate of 14% per annum with quarterly compounding. What is the equivalent rate with
(a) continuous compounding and
(b) annual compounding?
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I have 12 years work experience as Professor for Accounting, Finance and Business related subjects also working as Online Tutor from last 8 years with highly decentralized organizations. I had obtained a B.Com, M.Com, MBA (Finance & Marketing). My research interest areas are Banking Problem & Investment Management. I am highly articulate and effective communicator with excellent team-building and interpersonal skills; work well with individuals at all levels.
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