Question: An interest rate is 5% per annum with continuous compounding. What is the equivalent rate with quarterly compounding? a. 5.06% b. 4.97% C. 4.94% d.

An interest rate is 5% per annum with continuous compounding. What is the equivalent rate with quarterly compounding? a. 5.06% b. 4.97% C. 4.94% d. 5.03%

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