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An is considering to take out a loan of $ 1 0 , 0 0 0 to fund this promotion service. Option 1 : Ella

An is considering to take out a loan of $10,000 to fund this promotion service. Option 1: Ella needs to make daily payment of $67.2 from 1 January 2024 to 31 May 2024(inclusive).(Assume that there are 365 days in a year.).Find the implied effective annual rate charged by the bank? use excel
Which one is better?

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