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You notice a local consumer finance company is offering 20% APR loans, But compounds interest daily. What is the EAR%? A) 12.21% B) 22.13% C)

You notice a local consumer finance company is offering 20% APR loans, But compounds interest daily. What is the EAR%?

A) 12.21%

B) 22.13%

C) 23.61%

D) 24.97%

E) 25.83%

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