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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Mutual Fund Industry Handbook
Authors: Gremillion
1st Edition
0471736244, 978-0471736240
