The Annual Percentage Rate (APR) Is Calculated as

question 62

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.

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