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Your credit card company quotes you a rate of 25 percent, compounded daily. What actual rate of interest you are paying? Assume a 365-day year.

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Your credit card company quotes you a rate of 25 percent, compounded daily. What actual rate of interest you are paying? Assume a 365-day year. A) 18.97% B) 19.81% C) 28.48% D) 29.60% E) 28.39%

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