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Belk Department Store charges a daily rate of 0.01 percent on its store credit cards. What interest rate is the company required by law to

Belk Department Store charges a daily rate of 0.01 percent on its store credit cards. What interest rate is the company required by law to report to potential customers?

40.04 percent

35.98 percent

39.00 percent

36.50 percent

40.48 percent

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