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Your credit card statement reports an APR of 24%, with interest paid daily. What is the card's effective annual rate? Assume a 365-day year. O

Your credit card statement reports an APR of 24%, with interest paid daily. What is the card's effective annual rate? Assume a 365-day year. O A) 24% B) 25.44% OC) 26.82% OD) 27.11% OE) 28%

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