(a) Find (1 + 0.04/n)n for n = 10,000, and 100,000, and 1,000,000. Use the results to
Chapter 0, Problem 5(choose chapter or problem)
(a) Find (1 + 0.04/n)n for n = 10,000, and 100,000, and 1,000,000. Use the results to predict the effective annual rate of a 4% annual rate compounded continuously. (b) Confirm your answer by computing e0.04.
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