Business, 22.11.2019 21:31 QwesiElorm

Anna’s bank gives her a loan with a stated interest rate of 10.22%. how much greater will anna’s effective interest rate be if the interest is compounded daily, rather than compounded monthly?

a. 0.5389 percentage points
b. 0.1373 percentage points
c. 0.4926 percentage points
d. 0.0463 percentage points

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Anna’s bank gives her a loan with a stated interest rate of 10.22%. how much greater will anna’s eff...

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