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You have borrowed $1,000 from a friend to pay for unforeseen car repairs, with an agreement to pay interest at an annual rate of 18%,

You have borrowed $1,000 from a friend to pay for unforeseen car repairs, with an agreement to pay interest at an annual rate of 18%, compounding daily. If you repaid your friend after 90 days, how much would you need to repay?

a. $1,044.38

b. $1,045.00

c. $1,045.37

d. $1,043.56

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