Question: You can use above formula to solve Given that the annual rate compounded continuously is 12.5%, find the equivalent rate per: a) year compounded daily

You can use above formula to solve Given that the annual rate

You can use above formula to solve

Given that the annual rate compounded continuously is 12.5%, find the equivalent rate per:

a) year compounded daily

b) month compounded monthly

c) year compounded every two years

1st.:2nd.:Or:EAR=(1+r/m)m1EPR=(1+EAR)(1/s)1EPR=(1+r/m)(m/s)1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!