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A continuous compounding rate of 11,8% is equivalent to an effective rate of [1] 12,52%. [2] 43,06%. [3] 11,80%. [4] 11,15%. [5] none of the

A continuous compounding rate of 11,8% is equivalent to an effective rate of

[1] 12,52%.

[2] 43,06%.

[3] 11,80%.

[4] 11,15%.

[5] none of the above.

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