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An interest rate is 5% per annum with annual compounding. What is the equivalent rate with continuous compounding? a. 4.79% b. 6.21% c. 4.87% d.

An interest rate is 5% per annum with annual compounding. What is the equivalent rate with continuous compounding?

a. 4.79% b. 6.21% c. 4.87% d. 5.18%

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