What Is the Effective Annual Rate of 13

question 342

Multiple Choice

What is the effective annual rate of 13.9% compounded continuously?

• A) 14.71%
• B) 14.76%
• C) 14.91%
• D) 15.24%
• E) 15.48%

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Definitions:

Wilhelm Wundt

Known as the father of experimental psychology, he established the first psychological laboratory in Leipzig, Germany, in 1879.

Observable Behaviour

Actions or reactions of an individual that can be directly seen and measured by others.

Early 1700s

Refers to the time period from the year 1700 to 1709, marking the early years of the 18th century.

Considered A Science

The acknowledgment or evaluation of a field of study based on empirical evidence and systematic research methods.