An Interest Rate Is 6% Per Annum with Annual Compounding

question 6

Multiple Choice

An interest rate is 6% per annum with annual compounding.What is the equivalent rate with continuous compounding?

• A) 5.79%
• B) 6.21%
• C) 5.83%
• D) 6.18%

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Definitions:

Job Autonomy

Refers to the degree to which a position allows an employee to make decisions about scheduling, procedures, and the methodology used in completing work tasks.

Skill Variety

The degree to which a job requires a variety of different activities using different skills and talents.

Increasing Social

The process of enhancing social interaction, connection, and support networks among individuals or groups.

Job Resources

Refers to the physical, psychological, social, or organizational aspects of a job that are necessary for achieving work goals, reducing job demands, and stimulating personal growth and development.