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Your credit card company quotes you a rate of 17.9 percent. Interest is compounded daily. What is the actual (effective) rate of interest you are

Your credit card company quotes you a rate of 17.9 percent. Interest is compounded daily. What is the actual (effective) rate of interest you are paying?

A) 19.03%

B)19.21%

C) 19.44%

D) 19.60%

E) 19.72%

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