What is the continuously compounded rate that is equivalent to an annual percentage rate (APR) of 10%?

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Use both the compound interest formula and the continuous compounding formula to calculate the value of an investment of £1,000 at a return of 10% pa after 2 years and 3 months.

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Contemporary Engineering Economics

ISBN: 9780134105598

6th Edition

Authors: Chan Park

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Posted Date: Mar 22, 2023 06:58 AM

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What is the continuously compounded rate that is equivalent to an annual percentage rate (APR) of 10%?

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Contemporary Engineering Economics

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