Question

what annual nominal rate compounded monthly has the same annual percentage yield as 8% compounded continuously

Answer 1

read over something

Answer 2

e^(rt) = 1+x/12

that might be better

Answer 3

e^(.08) = 1+x/12

e^(.08) - 1 = x/12

12e^(.08) - 12 = x

Answer 4

i do not understand hwo to do this on my graphing calculator can you please help me

Answer 5

he forgot to raise it to 12th power since you are comparing annual rates
\[(1+\frac{x}{12})^{12} = e^{.08}\]
\[1+\frac{x}{12} = e^{.08/12}\]
\[x = 12(e^{.08/12}-1)\]

Answer 6

your calculator has an "e" button, then input the exponent ".08/12" in parenthesis

Answer 7

is thee answer .080267

Answer 8

yes

Answer 9

thank you soooooooooooooo much foryour help

Answer 10

yw