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MC Qu. 6-A17 Mr. Miser loans money at an annual rate of... Mr. Miser loans money at an annual rate of 15 percent. Interest is

MC Qu. 6-A17 Mr. Miser loans money at an annual rate of...

Mr. Miser loans money at an annual rate of 15 percent. Interest is compounded daily. What is the actual rate Mr. Miser is charging on his loans?

	16.37 percent
	16.01 percent
	16.18 percent
	15.80 percent
	16.24 percent

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