Question: Compound Interest Course Packet on finding a continuous interest rate You have $5,000 in the bank comfortably earning 48% interest compounded monthly. Your cousin needs

Compound Interest Course Packet on finding a continuous interest rate You have $5,000 in the bank comfortably earning 48% interest compounded monthly. Your cousin needs $5,000 to buy a new car. In order to get the same total return, what interest rate / should you request from her if the money you lend her is to be compounded continuously? Exact interest rate (without using a calculator) , re 12 In (148) Interest rate, as a percent, rounded to 2 decimal places 4 70 X

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