Multiple Choice
What continuously compounded effective rate of interest will yield the same present value of a future cash flow as an annual rate of interest of 2.25%?
A) 2.23%
B) 3.15%
C) 0.95%
D) 1.28%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: In the continuous compounding equation, "e" is
Q5: With continuous compounding, why is the effective
Q6: What is the value of $10,000 invested
Q7: You have just won a lottery that
Q8: What is the value of $10,000 invested
Q10: Paula invested $25 into a savings account
Q11: The nominal interest rate and the effective
Q12: Determine the present value of $5,000 to
Q13: What is the effective interest rate on
Q14: Moneybag Bank & Trust is offering $200,000