Question: An interest rate is 5% per annum with continuous compounding. What is the equivalent rate with quarterly compounding? Assume e=2.71828. Question 12 options: There is

An interest rate is 5% per annum with continuous compounding. What is the equivalent rate with quarterly compounding? Assume e=2.71828.

Question 12 options:

There is insufficient information to make decision.

5.03%.

None of the other answers.

4.97%.

5.06%.

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