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What is the effective monthly rate of 10% interest compounded continously?
Related Topics
Wize University Introduction to Finance Textbook > Time Value of Money
Effective Rates with Continuous Compounding
3 Activities
What is the effective monthly rate of 10% interest compounded continously?
A) 0.8368%
B) 0.8%
C) 0.797%
D) 0.8333%
I don't know
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