Calculus - continuously compounded interest. Help solving this!?

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!!
 


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