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8 Your local pawn shop lends money at an annual rate of 33 percent compounded daily. What is the effective annual rate being charged on

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8 Your local pawn shop lends money at an annual rate of 33 percent compounded daily. What is the effective annual rate being charged on these loans assuming 365 days per year? A. B. 28.53% 28.86% 33.00% 38.48% 39.08% D. E

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