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A bank quotes you an interest rate of 12% per annum with monthly compounding. What is the equivalent rate with continuous compounding? 12.22% 11.94% 11.85%
A bank quotes you an interest rate of 12% per annum with monthly compounding. What is the equivalent rate with continuous compounding?
| 12.22% | ||
| 11.94% | ||
| 11.85% | ||
| 12.12% |
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Financial Statement Analysis & Dividend Investing
Authors: Andrew P.C.
1st Edition
1075873940, 978-1075873942
