The effective annual rate is equal to:
A) [1 - Quoted rate/m]t/r.
B) [1 - Quoted rate/m]m-1.
C) [(1) *(APR) *(m) ]m-1.
D) [1 + Quoted rate/m]m-1.
E) [1 - Quoted rate/m]m[r].
Correct Answer:
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