Question: [-11 Points] DETAILS 0/100 Submissions Used MY NOTES You have $10,000 in the bank comfortably earning 24% interest compounded monthly. Your cousin needs $10,000

the bank comfortably earning 24% interest compounded monthly. Your cousin needs $10,000

[-11 Points] DETAILS 0/100 Submissions Used MY NOTES You have $10,000 in the bank comfortably earning 24% interest compounded monthly. Your cousin needs $10,000 to buy a new car In order to get the same total return, what interest rate r should you request from her if the money you lend her is to be compounded continuously? O r- 121n(1.24) O r- 121n(1.02) 12eln(1.02) or 121n(1.02) O r- (1.02)12

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