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

question 167

Short Answer

Find the nominal interest rate that, when compounded continuously, yields an effective interest rate of 8% / year. Round your answer to the nearest thousandth.
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__________%

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Definitions:

Decision Criteria

The standards or benchmarks used to evaluate options and make choices in the decision-making process.

Requesting Proposals

A process where an organization asks external parties to submit a plan or bid to complete a specific project or task.

Minimize Work

The process of reducing the amount of effort or resources required to complete a task or achieve a goal.

Maximizing Effectiveness

The act of making the best or most efficient use of resources, time, or effort to achieve a desired outcome.