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Matthew Young borrowed $15,550 from a bank for three years. If the quoted rate (APR) is 4.10 percent, and the compounding is dally. what is

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Matthew Young borrowed $15,550 from a bank for three years. If the quoted rate (APR) is 4.10 percent, and the compounding is dally. what is the effective annual interest rate (EAR)? (Round answer to 2 decimal places e. . 15.25\%. Use 365 days for colculation.) Effective Annual interest rate eTextbook and Media Attempts: 0 of 3 used Using multiple attempts will impact your score. 50% score reduction after attempt 2

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