With continuous compounding
A) the effective rate is higher than the nominal rate
B) the effective rate is higher than the logarithmic rate
C) the base "e" is the effective rate
D) all these are correct
Correct Answer:
Verified
Q1: Fred deposited $5,000 in an account that
Q7: Jack invested $25,000 into an account paying
Q7: City Bank offers a 7-year CD with
Q10: Jane deposited $1000 into a saving account
Q12: Friendly Bank offers you a loan at
Q14: What is the future value of $20,000
Q15: First Texas National Bank is offering a
Q17: What continuously compounded effective rate of interest
Q18: Vida has just won a jackpot that
Q20: If interest is at 8% and it
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents