Economy, asked by prasadgoutam484, 1 year ago

Effective rate of interest example problems formlauea

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Answered by Anonymous

Answer:

For example, consider a loan with a nominal interest rate of 9 percent compounded continuously. The formula above yields: r = 2.718^.09 - 1, or 9.417 percent

Answered by Anonymous

Answer:

likewise a loan with a normal interest of 9℅ compounded continuously

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