Question: The ______ _____ _____ ________ is the equivalent annual simple interest rate that would yield the same amount as compounding n times per year, or

The ______ _____ _____ ________ is the equivalent annual simple interest rate that would yield the same amount as compounding n times per year, or continuously, after 1 year.

Step by Step Solution

3.48 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

effec... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Precalculus Questions!