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Mr. Miser loans money at an annual rate of 17 percent. Interest is compounded daily. What is the actual rate Mr. Miser is charging on

Mr. Miser loans money at an annual rate of 17 percent. Interest is compounded daily. What is the actual rate Mr. Miser is charging on his loans?

18.75 percent

18.53 percent

18.32 percent

18.15 percent

18.59 percent

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