Equivalent continuously-compounded rate

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A bank quotes 6% nominal, compounded monthly. What continuously-compounded rate delivers the exact same growth over one year? (in percent, to 2 decimals)

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Match growth factors: $e^{r_c} = (1+0.06/12)^{12}$ .
$r_c = 12\ln(1.005)$ .

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5.99 (± 0.02)

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Equivalent continuously-compounded rate

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