$2\mathrm{.}25$ An engineering firm borrows funds from a bank charging $9\%$ interest compounded continu$-$ ously. What is the continuously compounded interest rate? If a credit union pays $1\%$ yearly compounded monthly, what is the effective interest rate? $2\mathrm{.}262\mathrm{.}27$ If an engineer is earning $1\mathrm{.}75\%$ interest per year compounded daily, what is the effective $2\mathrm{.}28$ Calculate the nominal interest rate if the period interest rate is $0\mathrm{.}5\%$ and there are four com$-2\mathrm{.}29$ A firm pays year$-$end dividends to its employees of $1\mathrm{.}5\%$ but the funds in the account com$-2\mathrm{.}30$ What is the continuously compounded interest rate if an investor is able to invest her funds interest rate? pounding periods per year. pound every two months. What is the effective interest rate? at a nominal interest rate of $1\mathrm{.}25\%?$