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Effective Interest Rate for Continuous Compounding (a) For an interest rate of 18% per year, compounded continuously, calculate the effective monthly and annual interest rates.

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Effective Interest Rate for Continuous Compounding (a) For an interest rate of 18% per year, compounded continuously, calculate the effective monthly and annual interest rates. (b) An investor requires an effective return of at least 15%. What is the minimum annual nominal rate that is acceptable for continuous compounding

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