The Highest Effective Annual Rate That Can Be Derived from an Annual

question 48

Multiple Choice

The highest effective annual rate that can be derived from an annual percentage rate of 9% is computed as:

• A).09e - 1.
• B)e.09 * q.
• C)e * (1 + .09).
• D)e.09 - 1.
• E)(1 + .09)q.

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