How much additional interest could compounded the rate

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Question: You are going to loan a friend $6,000 for one year at an interest rate of 4.5 percent, compounded annually. How much additional interest could you have earned if you had compounded the rate continuously rather than annually? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131795663

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