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Question The effective annual rate for a credit card that charges a 19.9% APR compounded daily is %. (Assume that there are 365 days in

Question The effective annual rate for a credit card that charges a 19.9% APR compounded daily is %. (Assume that there are 365 days in the year.) (Please round to two decimal places, write the number only without "*". ie. If the answer is "5%", write 5.00 Moving to another question will save this response

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