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31 May, 19:27

Suppose you have $11,000 to invest. Which of the two rates would yield the target amount in 1 year: 11% compounded daily or 10.93% compounded continuously?

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Answers (2)
  1. 31 May, 20:45
    0
    I believe it is 11%
  2. 31 May, 22:12
    0
    I'm pretty sure the answer is 11%
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