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Current Attempt in Progress Charles Wilson borrowed 515,550 from a bank for three years. If the quoted rate (APR) is 7.00 percent, and the compounding

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Current Attempt in Progress Charles Wilson borrowed 515,550 from a bank for three years. If the quoted rate (APR) is 7.00 percent, and the compounding is daily, what is the effective annual interest rate (EAR? (Round answer to 2 decimal places es. 15.25%. Use 365 days for calculation) Effective Annual interest rate

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