Mr. Miser loans money at an annual rate of 22 percent interest with daily compounding. What is the e… Show more Mr. Miser loans money at an annual rate of 22 percent interest with daily compounding. What is the effective annual rate Mr. Miser is charging on his loans? 24.92 percent 24.29 percent 24.22 percent 24.60 percent 24.66 percent • Show less