gracekelley67
New member
- Sep 16, 2009
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I need a full explanation of this, folks!
"What annual rate r compounded continuously is equivalent to a nominal rate of 6% compounded semiannually?" (hint: first show that r = 2 ln(1.03)
where the hint come from?help!!
"What annual rate r compounded continuously is equivalent to a nominal rate of 6% compounded semiannually?" (hint: first show that r = 2 ln(1.03)
where the hint come from?help!!
