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7. [-/3 Points] DETAILS WANEFMAC7 3.2.020. MY NOTES Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate.

7. [-/3 Points] DETAILS WANEFMAC7 3.2.020. MY NOTES Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate. Round your answer to the nearest 0.01%. 13% compounded daily (assume 365 days per year) r = %

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