Question discussion

What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days.

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What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days.
  • A19.61 %
  • B19.44 %
  • C19.31 %
  • D19.72 %
Correct answer: D

Discussion 1

0
CCommunity
19.72 %