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12) 12% per annum with quarterly compounding is equal to what rate per annum with continuous compounding? A) 11.33% B) 11.82% C) 12.14% D) 12.39%

12) 12% per annum with quarterly compounding is equal to what rate per annum with continuous compounding? A) 11.33% B) 11.82% C) 12.14% D) 12.39% E) 12.55%

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