abhlpeters7251 abhlpeters7251
  • 28-03-2024
  • Mathematics
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Antonio borrows $4,239 from the bank for 9 years at an annual interest rate of 6.98% compounded continuously. What was the effective interest rate?
a) 7.05%
b) 7.10%
c) 7.15%
d) 7.20%

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