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Trinity knows that the effective interest rate most accurately reflects the actual cost of a loan. Her credit card has interest on cash advances of

Trinity knows that the effective interest rate most accurately reflects the actual cost of a loan. Her credit card has interest on cash advances of 26%. What is the effective annual interest rate? (Hint: daily 365 days in 1 year) Select one: O a. 27.12% O b. 26.50% . 29.68% O d. 25.96%
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Trinity knows that the effective interest rate most accurately reflects the actual cost of a loan. Her credit card has interest on cash advances of 26%. What is the effective annual interest rate? (Hint: daily 365 days in 1 year) Select one: a. 27.12% b. 26.50% c. 29.68% d. 25.96%

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