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Question 19 1 pts A so-called friend has offered to loan you $1,000 for one year. At the end of the year you must pay

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Question 19 1 pts A so-called friend has offered to loan you $1,000 for one year. At the end of the year you must pay your friend $2,000. What is the effective interest rate on this loan if interest is compounded daily? 50.00% 96.30% 69.38% 81.33% O 100.00%

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