The highest effective annual rate that can be derived from an annual percentage rate of 9 percent is computed as: A)(1 + .09/365)(365). B)e.⁰⁹q. C)1.09e. D)e.⁰⁹ − 1. E)(1 + .09/365)³⁶⁵ − 1.

Name: The highest effective annual rate that can be derived from an annual percentage rate of 9 percent is computed as: A)(1 + .09/365)(365). B)e. 09 q. C)1.09e. D)e. 09 − 1. E)(1 + .09/365) 365 − 1.
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The Answer is D

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