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An interest rate is 8% per annum with continuous compounding. What is the equivalent rate with quarterly compounding? Question 18 options: 1) 7.68% 2) 8.08%

An interest rate is 8% per annum with continuous compounding. What is the equivalent rate with quarterly compounding? Question 18 options: 1) 7.68% 2) 8.08% 3) 8.48% 4) 8.88%

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