Find the Nominal Interest Rate That, When Compounded Continuously, Yields

question 31

Short Answer

Find the nominal interest rate that, when compounded continuously, yields an effective interest rate of 10% / year. Round your answer to the nearest thousandth.
__________%

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Definitions:

Loss-Minimizing

A strategy or approach aimed at reducing the financial losses of a business or economic activity to the lowest possible level.

Level of Output

The total quantity of goods and services produced by an economy or a firm in a given period.

Most Efficient Level

The point at which a process or system operates at maximum productivity with the least waste of resources, often sought in production, energy use, and economic activities.

Level of Output

The total quantity of goods or services produced by an individual, firm, or economy in a given time period.