Find the Effective Annual Interest Rate of 10% Compounded Daily $r _ { \text {eff } } =$

question 25

Short Answer

Find the effective annual interest rate of 10% compounded daily. Assume 365 days per year. Round your answer to the nearest 0.01%.
​ $r _ { \text {eff } } =$ __________ %

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Definitions:

Deindividuation

A psychological state where an individual loses self-awareness and a sense of individuality, often in group contexts, leading to uninhibited behavior.

Anonymity

The state or quality of being anonymous, ensuring an individual's privacy or identity is not revealed.

Vandalism

The deliberate destruction or damage of public or private property.

Social Loafing

A group dynamic where individual contributions towards a goal diminish in comparison to efforts made when working alone.