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(52777) About Me  (Show Source):
You can put this solution on YOUR website!
.

It is  e%5E0.12 = 2.71828%5E0.12.



Use your calculator.

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    - Problems on continuously compounded accounts
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