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If David invests $36,000 at a 25.6% annual rate, what is your effective annual rate if interest is compounded daily? 25.60% 29.16% 2524.93% 0.07%

If David invests $36,000 at a 25.6% annual rate, what is your effective annual rate if interest is compounded daily?

25.60%
		29.16%
		2524.93%
		0.07%

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