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If your credit card company tells you that the interest rate is 0.262, what is the effective rate if it is compounded daily? (Remember, as an example 5.00% equals 0.0500). Your answer has to be in

If your credit card company tells you that the interest rate is 0.262, what is the effective rate if it is compounded daily? (Remember, as an example 5.00% equals 0.0500). Your answer has to be in decimal form, in this example your answer would be 0.0500)

Apr 13 2021 View more View Less

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