Question
Find the annual rate, r that produces an effective annual yield of 6.3% when compounded continuosly.
Answers
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 %