You have $10,000 in the bank comfortably earning 48% interest compounded monthly. Your cousin needs $10,000...

 

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You have $10,000 in the bank comfortably earning 48% 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? Exact interest rate (without using a calculator), r = Interest rate, as a percent, rounded to 2 decimal places = % You have $10,000 in the bank comfortably earning 48% 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? Exact interest rate (without using a calculator), r = Interest rate, as a percent, rounded to 2 decimal places = %

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