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Mr. Miser loans money at an annual rate of 12 percent. Interest is compounded daily. What is the actual rate Mr. Miser is charging on
| Mr. Miser loans money at an annual rate of 12 percent. Interest is compounded daily. What is the actual rate Mr. Miser is charging on his loans? |
12.37 percent
12.81 percent
12.90 percent
12.75 percent
12.61 percent
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Principles Of Finance With Excel
Authors: Simon Benninga
1st Edition
0195301501, 978-0195301502
