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Mr. Miser loans money at an annual rate of 18 percent. Interest is compounded daily. What is the actual rate Mr. Miser is charging on

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Mr. Miser loans money at an annual rate of 18 percent. Interest is compounded daily. What is the actual rate Mr. Miser is charging on his loans? Multiple Choice 19.49 percent 19.72 percent 19.78 percent 19.34 percent O O 19.96 percent

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