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Cyclone Rentals borrowed 517,550 from a bank. If the quoted rate (APR) is 3.65 percent, and interest is compounded daily, what is the effective annual

Cyclone Rentals borrowed 517,550 from a bank. If the quoted rate (APR) is 3.65 percent, and interest is compounded daily, what is the effective annual rate (EAR)? 3.72% 3.8996 3.65% 3.57% 3.90%

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