Question: FINAL ANSWER NEEDED ASAP A bank quotes a rate 15.6% compounded annually. What is the equivalent nominal interest rate with daily compounding? Enter your answer

FINAL ANSWER NEEDED ASAP A bank quotes a rate 15.6% compounded annually. FINAL ANSWER NEEDED ASAP

A bank quotes a rate 15.6% compounded annually. What is the equivalent nominal interest rate with daily compounding? Enter your answer as a percentage to 2 decimal places, but do not enter the % sign

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