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26. The effective annual rate of 5.525% compounded daily (365 days per year) is ___%. (Record your answer to this question on iCollege as a

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26. The effective annual rate of 5.525% compounded daily (365 days per year) is ___%. (Record your answer to this question on iCollege as a percent rounded to 2 decimal places). 27. An investment will pay $32,000 per year forever beginning 10 years from today. If the relevant rate 8% compounded monthly, the investment is worth $_ today

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