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    Explorations in College Algebra
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    Exam 5: Growth and Decay: An Introduction to Exponential Functions
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    Find the Effective Interest Rate of an Account That Pays
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Find the Effective Interest Rate of an Account That Pays

Question 67

Question 67

Short Answer

Find the effective interest rate of an account that pays 5% interest compounded continuously.
Write your answer as a percent rounded to 2 decimal places, such as 4.13%.

Correct Answer:

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