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asked 10 months ago
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In order to calculate the daily interest rate on an annual rate of 17.7 % you divide the annual rate by the number of days in a year. Typically 365 is used, but your financial institution may use 364.
Daily Interest Rate = (17.7 %) /( 365)
Daily Interest Rate = (17.7 %) /( 365)
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Guest
answered 9 months ago
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answered 8 months ago
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