Question
1) A bank quotes an interest rate of 14% per annum with quarterly compounding. What is the equivalent rate with continuous compounding? 2) A bank
1) A bank quotes an interest rate of 14% per annum with quarterly compounding. What is the equivalent rate with continuous compounding?
2) A bank quotes an interest rate of 12% per annum with semi-annual compounding. What is the equivalent rate with continuous compounding?
3) A bank quotes an interest rate of 16% per annum with monthly compounding. What is the equivalent rate with continuous compounding?
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A Financial Crisis Manual Reflections And The Road Ahead
Authors: Dimitrios D. Thomakos , Platon Monokroussos, Konstantinos I. Nikolopoulos
1st Edition
1137448296, 113744830X, 9781137448293, 9781137448309
