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Find the Nominal Interest Rate That, When Compounded Continuously, Yields

Question 78

Multiple Choice

Find the nominal interest rate that, when compounded continuously, yields an effective interest rate of 10% / year. Round your answer to three decimal places. ​


A) 9.762%
B) 9.645%
C) 9.532%
D) 9.531%

Correct Answer:

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