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how do you find the APY when the interest in compounded continuously

 Feb 16, 2016
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Divide the interest rate by 100, then use the key "e^x". Example: 8% comp. continuously would read 1.083287. Then you subtract 1 and multiply by 100. So, 1.083287 - 1=.083287 X 100=8.3287%. This means that 8% comp. continuously is equivalent to: 8.3287% comp.annually.

 Feb 16, 2016

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