The APR is stated as 6% compounded monthly. What is the continuously compounded rate? (In other words,

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The APR is stated as 6% compounded monthly. What is the continuously compounded rate? (In other words, what APR at continuous compounding has the same effect?)

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Contemporary Engineering Economics

ISBN: 9780134105598

6th Edition

Authors: Chan Park

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Question Posted: Dec 22, 2022 07:38 AM

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The APR is stated as 6% compounded monthly. What is the continuously compounded rate? (In other words,

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Contemporary Engineering Economics

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