Multiple Choice
The annual percentage rate (APR) is calculated as
A) Interest rate per period x compounding periods per year.
B) (1+quoted annual rate/compounding periods per year) compounding periods per year-1.
C) Interest rate per period / compounding periods per year.
D) 1+quoted annual rate/compounding periods per year) 1/compounding periods per year-1.
Correct Answer:
Verified
Correct Answer:
Verified
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