What nominal interest rate compounded continuously is equivalent to j52 = 14%?

Question

Question

Answer 1

Answer #1

Let the nominal interest rate = x

Hence, (1+x/52)⁵² = (1+0.14)

=> x = (1.14^1/52 - 1)*52 = 0.1312

Hence, x = 13.12%

Answer 2

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