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For investing, which rate is preferable, a semi-annual compounding at 5% or continuous compounding at r(t) = 4% +(t/50), 0 t 1? Explain.
For investing, which rate is preferable, a semi-annual compounding at 5% or continuous compounding at r(t) = 4% +(t/50), 0 t 1? Explain.
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