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:

Taxable Entity

An individual, organization, or entity that is subject to taxation by government authorities based on income, property, sales, or other tax determinations.

Fourteenth Amendment

An amendment to the US Constitution that grants citizenship to everyone born or naturalized in the USA and guarantees all citizens equal protection under the law.

Due Process Rights

Due process rights are legal guarantees ensuring fair treatment through the judicial system, including the right to a fair trial and the right to be heard.

Corporate Shareholders

Individuals or entities that own shares in a corporation, giving them rights to dividends and a say in company matters.