what is the EAR for a 11.4% APR with continuous compounding? express your answer as a...

Question

Question

what is the EAR for a 11.4% APR with continuous compounding? express your answer as a percentage, with 3 decimals, such as 4.123 percent

Answer 1

Answer #1

EAR=(e)^APR-1

where e=2.71828

EAR=[(2.71828)^0.114]-1

which is equal to

=12.075%(Approx).

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Answer 2

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