What Is the Effective Annual Rate If the APR Is

question 6

Multiple Choice

What is the effective annual rate if the APR is 6.35 percent,compounded continuously?

• A)6)427%
• B)6)447%
• C)6)539%
• D)6)602%
• E)6)556%

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Definitions:

Destinations

Locations or places toward which something or someone is going.

Coordinates

A set of values used to determine the position of a point or an object in a multi-dimensional space, typically using numbers along axes in a Cartesian plane.

Distribution Centre

A warehouse or facility dedicated to storing goods before they are distributed to retailers, wholesalers, or directly to consumers.

Retailer

A business that sells products directly to consumers.