Question: please explain why i got wrong. tried again and got 16.23% please help Evergreen Credit Corporation wants to earn an effective annual return on its

please explain why i got wrong. tried again and got 16.23% please help

Evergreen Credit Corporation wants to earn an effective annual return on its consumer loans of 14.1 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers? (Use 365 days a year. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) d Interest rate 16.72 %

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