Question 10 [5 points) Eric's Financial is a local bank. This local bank usually quotes residential mortgage interest rates on the basis of daily compounding An independent mortgage brokeris quoting rates with annually compounding. What rate would the broker have to give to match 3.75% compounded daily available from the bank? Note: Please make sure you final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34 56% Equivalent interest rate = 0.00 %