Mathematics, 18.04.2021 14:00 ayoismeisjuam

Suppose that $12,000 is invested in a bond and the account grows to $14,311.04 in 4 yr Use the model to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid rounding in intermediate steps. The average rate of return under continuous compounding is approximately

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Suppose that $12,000 is invested in a bond and the account grows to $14,311.04 in 4 yr Use the model...