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An interest rate is 6% per annum with quarterly compounding. What is the equivalent rate with continuous compounding? Select one: 6.18% 5.83% 6.21% 5.96%

An interest rate is 6% per annum with quarterly compounding. What is the equivalent rate with continuous compounding?

Select one:

6.18%

5.83%

6.21%

5.96%

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