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The effective annual interest rate is given to be 19.2%. What is the nominal interest rate per year(r) if continuous compounding is being used?
19.83%
18.55%
17.56%
16.90%
17.56%
Practice and solve "The effective annual interest rate is given to be 19.2%. What is the nominal interest rate per year(..." for Electrical - Economics for Engineers. The correct answer is Option C: 17.56%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(c) **