SOLUTION: What is the effective rate for an interest rate of 12% compounded continuously?

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Question 1184593: What is the effective rate for an interest rate of 12% compounded continuously?
Answer by ikleyn(52781)   (Show Source): You can put this solution on YOUR website!
.

It is   = .



Use your calculator.

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To see many other similar solved problems on continuously compounded accounts,  see the lesson
    - Problems on continuously compounded accounts
in this site.

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