An Interest Rate Is 15% Per Annum When Expressed with Annual

question 4

Short Answer

An interest rate is 15% per annum when expressed with annual compounding. What is the equivalent rate with continuous compounding? Answer as a per cent with two decimal places. _ _ _ _ _ _

---

Definitions:

Transferor

The party in a transaction who transfers or conveys assets, rights, or interests to another, known as the transferee.

Title

Legal right to ownership of property or assets, often evidenced by a document.

Title Passes

The point at which ownership of property or goods is transferred from seller to buyer under the terms of a contract.

Code

A system of principles or rules designed to regulate behavior or conduct in a specific area.