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need it ASAP Dunfermilne Credit Corp. wants to earn an effective annual return on its consumer loans of 15% per year. The bank uses dally
need it ASAP
Dunfermilne Credit Corp. wants to earn an effective annual return on its consumer loans of 15% per year. The bank uses dally compounding on its loans. What interest rate is the bank roquired by law to report to potential bocrowers? (Use 365 doys a year. Do not found intermediote calculations. Round the final answer to 2 decimal ploces.) interest rate Step by Step Solution
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