Rob knows that he should be paying off his credit card each month. He is however living pay cheque to pay cheque and struggling to even pay off the minimum. He knows that his VISA credit card charges interest of 23% with daily compounding. What is Rob's effective interest rate on his VISA credit card? Hint use 365 days for compounding. a) 25.85% b) 21.38% c) 23.67% d) 24.47% e) 26.32%