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Business, 09.11.2020 17:00 2021andrewkell

A bank quotes an interest rate of 5.5% per annum with quarterly (four times a year) compounding. What is the equivalent rate with (a) continuous compounding and (b) semi annual compounding

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A bank quotes an interest rate of 5.5% per annum with quarterly (four times a year) compounding. Wha...
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