Answered: what is the nominal rate of interest…

what is the nominal rate of interest compounded continuously for 8 years if the present worth factor is equal to1. 7506725 A.4% B.5% C.6% D.7% E.None

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 5PROB

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what is the nominal rate of interest compounded continuously for 8 years if the present worth factor is equal to1. 7506725

A.4%

B.5%

C.6%

D.7%

E.None

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