What Is the Effective Interest Rate on 10% If Interest

question 22

Multiple Choice

What is the effective interest rate on 10% if interest is compounded continuously?

• A) 10.52%
• B) 10.97%
• C) 11.06%
• D) 10.11%

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Definitions:

Chester I. Barnard

An American business executive and author known for his contributions to management theory, especially in the area of organizational and leadership studies.

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