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Discussion :: Engineering Economics

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

    2. A.

     19.61 %
    B.

     19.44 %
    C.

     19.31 %
    D.

     19.72 %

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    Answer : Option D

    Explanation :

    Explanation Not Provided

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