If $15,500 is deposited in an account earning interest compounded continuously at 4.00% for 12 years,...
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If $15,500 is deposited in an account earning interest compounded continuously at 4.00% for 12 years, what is the effective rate of interest? Format answer rounded to 3 decimal places AS A PERCENT. Do NOT include the % sign in your answer. Examples: 2.745 5.130 If $15,500 is deposited in an account earning interest compounded continuously at 4.00% for 12 years, what is the effective rate of interest? Format answer rounded to 3 decimal places AS A PERCENT. Do NOT include the % sign in your answer. Examples: 2.745 5.130
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