The Annual Percentage Rate (APR)is Calculated as [Blank]

Multiple Choice

The annual percentage rate (APR) is calculated as [blank].

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.