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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 5.75% compounded continuously? Do not round your intermediate calculations.


A) 5.43%
B) 5.83%
C) 6.53%
D) 6.88%
E) 4.38%

Correct Answer:

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