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A bank quotes an interest rate of 6.64% per annum with monthly compounding. What is the equivalent rate with continuous compounding? 5.62% 4.43% 4.96% 7.94%

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A bank quotes an interest rate of 6.64% per annum with monthly compounding. What is the equivalent rate with continuous compounding? 5.62% 4.43% 4.96% 7.94% 6.62%

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