An interest rate is 6 per annum with semiannual compounding
An interest rate is 6% per annum with semiannual compounding.
a. What is the equivalent rate with continuous compounding?
b. What is the present value of $100 to be received in 3 months?
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an interest rate is 6 per annum with semiannual compoundinga what is the equivalent rate with continuous compoundingb
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