Answer: It depends on the terms.
Step-by-step explanation: In fraction terms 16 is equivalent to 4. In number terms 16 is a number larger than 4.
To find the rate add 1 to the annual rate divided by 365 days raised to the number of days left in the year minus 1.
r= (1 + 0.2319/365)^305 - 1
r = 0.2138
Now multiply by 100 for the percent:
0.2138 x 100 = 21.38%