Question
Consider an interest rate that is quoted at 7% per annum with semiannual compounding. What is the equivalent rate with continuous compounding? What would the
Consider an interest rate that is quoted at 7% per annum with semiannual compounding. What is the equivalent rate with continuous compounding? What would the amount be in interest payments ever six months if the principal of the loan is $1,200?
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The Wall Street Journal Complete Personal Finance Guidebook
Authors: Jeff D. Opdyke
1st Edition
030733600X, 978-0274804573
