What is the annualized interest rate, Financial Accounting

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What is the annualized interest rate

Response to the following problem:

Compounding

What is the annualized interest rate, compounded daily, that is equi-valent to 12 per cent interest compounded semi-annually? What is the daily compounded rate that is equivalent to 12 per cent compounded continuously?

Make sure you use enough details to support your answer.

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Financial Accounting: What is the annualized interest rate

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Financial Accounting: What is the annualized interest rate

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