Bell, Stephenson Senior Ltd has asked you to establish an annual nominal rate of interest compounded continuously that is equivalent to 8 per annum effective What is the most accurate responds to their request (give your answer in the format XX XXXX ) (2 marks)

Question

Bell, Stephenson   Senior Ltd  has asked you to establish an annual nominal rate of interest compounded continuously that is equivalent to 8  per annum effective  What is the most accurate responds to their request  (give your answer in the format XX XXXX )  (2 marks)

Accepted Answer

The Answer is in the image, click to view ...

Question

Bell, Stephenson & Senior Ltd. has asked you to establish an annual nominal rate of interest compounded continuously that is equivalent to 8% per annum

Bell, Stephenson & Senior Ltd. has asked you to establish an annual nominal rate of interest compounded continuously that is equivalent to 8% per annum effective. What is the most accurate responds to their request? (give your answer in the format XX.XXXX%)? (2 marks)

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Risk Management In Forex How To Minimize Losses And Maximize Returns