ilovecupcakes9852 ilovecupcakes9852
  • 14-03-2024
  • Business
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What is the effective rate of return for an investment that offers an 8.5% nominal interest rate per year compounded continuously?
a) 8.5%
b) 8.5% compounded annually
c) Approximately 8.1%
d) Approximately 8.7%

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