What is annual rate of interest with continuous compounding

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(a) Find the present value for a payment of $10; 000 to be received in 3,5 years, if the annual interest rate is 4% that: (i) compounded monthly; (ii) compounded continuously.

(b) What is the annual rate of interest with continuous compounding is equal to 10% per annum with monthly compounding.

Reference no: EM13890124

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