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A certificate of deposit (CD) offers a daily rate of 0.04% compounded daily. What is the nominal rate of interest? You can assume 365 days

A certificate of deposit (CD) offers a daily rate of 0.04% compounded daily. What is the nominal rate of interest? You can assume 365 days per year. Express your answer as a percentage between 0 and 100 rounded to the nearest tenth of a percent.

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