If the quarterly rate of interest is 2.5% and interest is compounded quarterly, then the APR is:
A) 10.38%
B) 10.00%
C) 2.50%
D) 5.0%

Name: If the quarterly rate of interest is 2.5% and interest is compounded quarterly, then the APR is: A) 10.38% B) 10.00% C) 2.50% D) 5.0%
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The Answer of If the quarterly rate of interest is 2.5% and interest is compounded quarterly, then the APR is:
A) 10.38%
B) 10.00%
C) 2.50%
D) 5.0%

If the Quarterly Rate of Interest Is 2