Question: 13 O-it points TanFin12 5.1.024 Find the effective rate corresponding to the given nominal rate. (Use a 365-day year. Round your answer to two decimal

13 O-it points TanFin12 5.1.024 Find the effective rate corresponding to

13 O-it points TanFin12 5.1.024 Find the effective rate corresponding to the given nominal rate. (Use a 365-day year. Round your answer to two decimal places.) 9%/year compounded daily %/year Need Help?ach

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