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What is the effective rate of 20% compounded daily for two years? 22.1% 49.2% 55.5% 64.7% What is the effective interest rate of 18% compounded

What is the effective rate of 20% compounded daily for two years?

		22.1%
		49.2%
		55.5%
		64.7%

What is the effective interest rate of 18% compounded monthly for four years?

		19.56%
		78.24%
		104.3%
		43.38%

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