Multiple Choice
The annual percentage rate (APR) is calculated as which of the following?
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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