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What rate of interest with continuous compounding is equivalent to a) 6% per annum with monthly compounding, b) 6% per annum with quarterly compounding? Select
What rate of interest with continuous compounding is equivalent to a) 6% per annum with monthly compounding, b) 6% per annum with quarterly compounding? Select one: a. Equivalent rate for monthly comp.: %5.985 Equivalent rate for quarterly comp.: %5.955 O b. Equivalent rate for monthly comp.: %5.945 Equivalent rate for quarterly comp.: %5.995 O c. Equivalent rate for monthly comp.: %6.065 Equivalent rate for quarterly comp.: %6.095 O d. Equivalent rate for monthly comp.: %7.015 Equivalent rate for quarterly comp.: %7.045 O e. Equivalent rate for monthly comp.: %4.515 Equivalent rate for quarterly comp.: %4.545
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