Question: QUESTION 3 What is the highest effective rate attainable with a 1 2 percent nominal rate? Hint. continuous compoundrs 1 2 . 5 5 %

QUESTION 3
What is the highest effective rate attainable with a 12 percent nominal rate? Hint. continuous compoundrs
12.55%
12.75%
12.95%
12.00%
QUESTION 3 What is the highest effective rate attainable with a

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