Question
What is the nominal interest rate in continuous compounding that is equivalent to an effective interest rate of 29%? Note: Round your answer to
What is the nominal interest rate in continuous compounding that is equivalent to an effective interest rate of 29%? Note: Round your answer to one decimal place and provide it WITHOUT the % sign (Example: 25.4 for 25.4%).
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
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