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Carol Miller went on vacation and bought a $74 souvenir. It is the only charge on her credit card, which has an annual interest rate

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Carol Miller went on vacation and bought a $74 souvenir. It is the only charge on her credit card, which has an annual interest rate of 10%. If it is compounded daily, how much interest would accrue after 2 years (assume she has no other charges or late fees)? What is the effective rate

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