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)none of the above

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)none of the above
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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)none of the above

If the Quarterly Rate of Interest Is 2