What Interest Rate, Compounded Annually, Is Equivalent to a 9

question 204

Short Answer

What interest rate, compounded annually, is equivalent to a 9% rate compounded continuously? Round to two decimal places.

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Definitions:

Experience

The knowledge or skill acquired by a person through direct participation in events or activities.

Mind-Brain Problem

A philosophical and scientific question concerning the relationship between consciousness (mind) and the physical brain, including how mental states are related to brain processes.

Control

The ability to shape or control the actions of others and the direction of events.

Brain

The organ located in the head of an animal that controls its thoughts, memory, feelings, and activity.