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A financial lender quoles an interest rate of 12%, compounded continuously. What is the eflective Monthly rate (EMR)? D. (in(1+0.12)+0)t1=0.000606=0.636ts E. 12W(1+0.72)=0.00544405t=0.54405t N

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A financial lender quoles an interest rate of 12%, compounded continuously. What is the eflective Monthly rate (EMR)? D. (in(1+0.12)+0)t1=0.000606=0.636ts E. 12W(1+0.72)=0.00544405t=0.54405t N

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