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You have $10,000 in the bank comfortably earning 24% interest compounded monthly. Your cousin needs $10,000 to buy a new car. In order to get
You have $10,000 in the bank comfortably earning 24% interest compounded monthly. Your cousin needs $10,000 to buy a new car. In order to get the same total return, what interest rate r should you request from her if then money you lend her is compounded continuously
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Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
