Question: answer Q 30 What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days. Select one: O a.

answer Q 30

What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days. Select one: O a. 19.44 % O b. 19.61 % O C. 19.31 % O d. 19.72 %

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