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Question 18 1 pts Your brother has offered to loan you $500 for two years. At the end of the year you must repay him

Question 18 1 pts Your brother has offered to loan you $500 for two years. At the end of the year you must repay him $1,300. What is the effective interest rate on this loan if interest is compounded daily? 61.25% 53.66% 80.00% 47.81% 58.50%

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