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OpenStudy (anonymous):
Please Help Compound Interest See Attachment
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OpenStudy (anonymous):
OpenStudy (anonymous):
So you're saying the continuously compounded rate is 6%?
OpenStudy (anonymous):
I believe that it is saying that the nominal interest rate is 6%
OpenStudy (anonymous):
I think you just want: \[e^{0.06}-1\]
OpenStudy (anonymous):
okay, thank you
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