What nominal rate per week is equivalent to an effective rate of 11% per year, compounded continuously?
The nominal rate per week that is equivalent to an effective rate of 11% per year, compounded continuously is _______.
Annual Nominal rate = r
t= 1 year
Effective rate for continuous compounding = ert-1 =
11%
er*1 = 1.11
r = Ln(1.11) = 10.436%
Nominal rate per week = Nominal rate per year/52= 10.436%/52 =
0.20%
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What nominal rate per week is equivalent to an effective rate of 11% per year
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