Question: 9. Given that the annual rate compounded continuously is 12.5%, find the equivalent rate per year compounded daily. A) 0.03425% B) 12.50214% C) 13.31485% D)

9. Given that the annual rate compounded continuously is 12.5%, find the equivalent rate per year compounded daily. A) 0.03425% B) 12.50214% C) 13.31485% D) 3.42466%

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