10. You are the ethics compliance officer at the Bank of Brexit. The wizards in...
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10. You are the ethics compliance officer at the Bank of Brexit. The wizards in the financial products marketing division are selling a new student line of credit. It is advertised as having an Effective Annual Rate of 18%. Interest is compounded daily and the daily interest rate is quoted as .0493151%. Is this product advertised accurately? If not, what correction is required? (Avoid rounding as much as possible)
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