Question: Find the effective rate corresponding to the given nominal rate. (Use a 365-day year. Round your answer to two decimal places.) 4%/year compounded daily 0.06

Find the effective rate corresponding to the given nominal rate. (Use

Find the effective rate corresponding to the given nominal rate. (Use a 365-day year. Round your answer to two decimal places.) 4%/year compounded daily 0.06 X %/year Need Help? Read It

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