If a bank pays 5.2% Interest with continuous compounding, what is the effective annual rate? Note:...
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If a bank pays 5.2% Interest with continuous compounding, what is the effective annual rate? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Effective annual rate % If a bank pays 5.2% Interest with continuous compounding, what is the effective annual rate? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Effective annual rate %
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The formula for calculating the effective annual rate with continuous compounding is E... View the full answer
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