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Arabian Beauty Cosmetics borrowed BD 152,300 from the National Bank of Bahrain (NBB) for three years. If the quoted rate (APR) is 11.75%, and the

Arabian Beauty Cosmetics borrowed BD 152,300 from the National Bank of Bahrain (NBB) for three years. If the quoted rate (APR) is 11.75%, and the compounding is claily, what is ?the Effective Annual Rate.

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