"Question: When nominal rate is 5% compounding has to be more than 5%."
This is somewhat true but missing the mark slightly. The continuous compounded rate that would be equiavelent to a 5% nominal rate compounded monthly must be LESS than the nominal rate as the effect of compounding...
Nominal Monthly Rate (k) is 5.0%. Nominal means that you need to use the following formula to transform in into an effective annual rate (i): (1 + k/m)^(mt) = 1 + i.
Then, we use the following formula to arrive at the equivalent continuously compounded rate (d): exp^d = 1 + i which gives...
I agree with @QuantMan2318 (all would do well to do so!) :)
I think of parsimonious as Occam's Razor and I think of triviality as the Interocular Trauma Test!
GARP states on their website that certificates themsselves would be sent out on September 30, 2016.....so, if you don't receive it in the next week or two, I would contact GARP.
I have not received mine either and I am fairly close to New Jersey (where GARP is headquartered and from where, I...
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