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Solve clear The effective annual interest rate is given to be 12%. What is the nominal interest rate per year (1') if continuous compounding is

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The effective annual interest rate is given to be 12%. What is the nominal interest rate per year (1') if continuous compounding is being used? Choose the closest answer below. Select one: a. 15.9% b. 12% C. 13.74% (:1. 11.33%

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