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An interest rate is 15.83% per year when expressed with discrete annual compounding. What is the equivalent continuously compounded annual rate? Do not round values
An interest rate is 15.83% per year when expressed with discrete annual compounding. What is the equivalent continuously compounded annual rate?
Do not round values at intermediate steps in your calculations. Enter your answer in percent to two decimal places, but do not type the % symbol. For example, enter a solution of 12.34% as 12.34. Convert a decimal solution for an interest rate to a percent rate, e.g., if your decimal solution is 0.1234, then enter the solution as 12.34
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