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A certificate of deposit (CD) offers a daily interest rate of 0.02% compounded daily. What is the nominal interest rate? What is the effective annual

A certificate of deposit (CD) offers a daily interest rate of 0.02% compounded daily. What is the nominal interest rate? What is the effective annual interest rate? What is the effective monthly interest rate? You can assume 30 days per month and 365 days per year.

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