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posted by  IntroToRyan on 11/2/2009 11:08:47 PM  |  status: Closed  |  Earned Karma: 35

Nominal Annual Interest Rate

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Calculus Applied Calculus (3rd) by Hughes-Hallett, Gleason, Flath N/A N/A 11/3/2009 at 9:00:00 AM
Question Details:
What is the effective annual yield, under continuous compounding, for a nominal annual interest rate of 6.2 %?
Ryan
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posted by The Big Unit on 11/2/2009 11:34:44 PM  |  status: Live
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Response Details:
The effective annual yield, using the continuous compounding convention, is given by:
So your effective annual yield will be:
Jon AKA THE BIG UNIT
If you have any questions about the problem, just message me and I will help you out. Hope this helps!
 
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