Asked by nan
Find the annual rate, r that produces an effective annual yield of 6.3% when compounded continuosly.
Answers
Answered by
Reiny
let that rate be i
1+i = e^(.063)
1+i = 1.0650268
i = .0650268 = 6.50268 %
1+i = e^(.063)
1+i = 1.0650268
i = .0650268 = 6.50268 %
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