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A bank quotes an interest rate of

01/05/2021 Client: muhammad11 Deadline: 2 Day

1) A bank quotes an interest rate of 14% per annum with quarterly compounding. What is the equivalent rate with (a) continuous compounding and (b) annual compounding?

2) When compounded annually an interest rate is 11%. What is the rate when expressed with (a) semiannual compounding, (b) quarterly compounding

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