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For a 10-Year Deposit,what Annual Rate Payable Semiannually Will Produce

Question 6

Multiple Choice

For a 10-year deposit,what annual rate payable semiannually will produce the same effective rate as 4% compounded continuously?


A) 3.46%
B) 3.65%
C) 3.84%
D) 4.04%
E) 4.24%

Correct Answer:

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