How much additional interest

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Reference no: EM131487611

You are going to loan a friend $6,000 for one year at an interest rate of 4.5 percent, compounded annually. How much additional interest could you have earned if you had compounded the rate continuously rather than annually?

A) $6.10

B) $5.84

C) $.6.17

D) $6.28

E) $5.93

Reference no: EM131487611

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