A savings bank offers 1000 certificates deposit each
A savings bank offers $1000 certificates deposit. Each certificate can be redeemed for $2000 after 8.5 years. What are (a) the nominal, (b) the effective, annual interest rate, if the interest is compounded continuously?
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a savings bank offers 1000 certificates deposit each certificate can be redeemed for 2000 after 85 years what are a the
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