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    Exam 4: Interest Rates
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    An Interest Rate Is 6% Per Annum with Annual Compounding
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An Interest Rate Is 6% Per Annum with Annual Compounding

Question 6

Question 6

Multiple Choice

An interest rate is 6% per annum with annual compounding.What is the equivalent rate with continuous compounding?


A) 5.79%
B) 6.21%
C) 5.83%
D) 6.18%

Correct Answer:

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