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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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