What Is the APY for 6% Compounded Continuously

question 92

Multiple Choice

What is the APY for 6% compounded continuously?

• A) 6.00%
• B) 6.10%
• C) 6.18%
• D) 6.40%

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Definitions:

Work Plan Section

A component of a project or business plan that outlines the tasks, timelines, and resources needed to achieve objectives.

Formal Proposal

A detailed document submitted to offer solutions or services to a potential client, often including objectives, methodology, and pricing.

Information

Data that has been processed, organized, or structured in a way that is meaningful to the recipient.

Solicited Proposals

Proposals that are requested by an organization or individual, often as a response to a specific need or problem.