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What continuously compounded interest rate is equivalent to an effective rate of 6.4%? Effective rate formula: ER=(1+ r/c)^c -1 Continuously compounded: A=P e^(rt)
What continuously compounded interest rate is equivalent to an effective rate of 6.4%? Effective rate formula: ER=(1+ r/c)^c -1
Continuously compounded: A=P e^(rt)
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