Question
What is the effective annual rate if the annual percentage rate is 7% compounded daily? Enter your answer as a percentage rounded to two decimal
What is the effective annual rate if the annual percentage rate is 7% compounded daily? Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answer. Do not round the decimal number after you have performed the division of the interest rate.
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
