A national cellular company discourages carrying a balance by charging 20% interest compounded daily on unpaid balances. What is the effective interest rate that the cellular phone company charges?
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Q84: Complete the following table: Q85: What is the effective annual rate of Q86: What is the effective annual rate of Q87: A furniture company charges 18% on outstanding Q88: A furniture company charges 16% on outstanding Q90: The Big Bank would like to charge, Q91: How much is the monthly mortgage payment Q92: How much is the quarterly payment on Q93: How much is the monthly mortgage payment Q94: A homeowner is anxious to pay off
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