You have an EAR of 9%. The equivalent APR with continuous compounding is _____.

You have an EAR of 9%. The equivalent APR with continuous compounding is _____.

You have an EAR of 9%. The equivalent APR with continuous compounding is _____. 





A. 8.47%

B. 8.62%

C. 8.88%

D. 9.42%



Answer: B. 8.62%

LN(1+.09) = 8.62%


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