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If a savings account has a Annual Percentage rate of 7.75 with daily compunding, what is the Effective Annual Rate? A. 7.841% B. 8.057% C.
If a savings account has a Annual Percentage rate of 7.75 with daily compunding, what is the Effective Annual Rate?
A. 7.841%
B. 8.057%
C. 9.750%
D. 10.057%
E. 10.453%
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
