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- Compound Interest Course Packet on finding a continuous interest rate You have $5,000 in the bank comfortably earning 6% interest compounded semiannually. Your cousin

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- Compound Interest Course Packet on finding a continuous interest rate You have $5,000 in the bank comfortably earning 6% interest compounded semiannually. Your cousin needs $5,000 to buy a new car. In order to get the same total return, what interest rate r should you request from him if the money you lend him is to be compounded continuously? Exact value of r= Interest rate, as a percent, rounded to 2 decimal places = %

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