A bank offers a nominal interest rate

Reference no: EM13692332

A bank offers a nominal interest rate of 1.79% continuously compounded. What is the annual effective interest rate as a percent? Calculate ans to 2 decimal places

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Reference no: EM13692332

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A bank offers a nominal interest rate : A bank offers a nominal interest rate of 1.79% continuously compounded. What is the annual effective interest rate as a percent? Calculate ans to 2 decimal places

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