What is the nominal annual interest rate expressed as a percentage rate?, assignment help
1. use an effective annual rate of 6.5 % rather than the effective annual rate given in your textbook:
What is the nominal annual interest rate expressed as a percentage rate?
2. use a nominal annual interest rate of 5.1 % rather than the nominal annual rate given in your textbook:
What is the effective annual rate under continuous compounding of that nominal interest rate?