Question: If a bank pays 6.1% interest with continuous compounding, what is the effective annual rate? (Do not round intermediate calculations. Enter your answer as a

If a bank pays 6.1% interest with continuous compounding, what is the effective annual rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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If a bank pays 6.1% interest with continuous compounding, what is the effective annual rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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