An interest rate of 18% per year, compounded continuously, is closest to an effective: (a) 1.51% per
Question:
An interest rate of 18% per year, compounded continuously, is closest to an effective:
(a) 1.51% per quarter
(b) 4.5% per quarter
(c) 4.6% per quarter
(d) 9% per 6 months
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