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FINANCE am Question 28 (of 36) value 4.00 points Rick, the owner of the local pawn shop, loans money at an annual rate of 15

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FINANCE am Question 28 (of 36) value 4.00 points Rick, the owner of the local pawn shop, loans money at an annual rate of 15 percent, compounded daily What is the effective annual Interest rate that Rick is charging? 16.24 percent ?1601 percent O 16.37 percent O 16.18 percent O 15.80 percent

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