Which one of the following statements is NOT true?
A) The correct way to annualize an interest rate is to compute the effective annual interest rate (EAR) .
B) The APR is the annualized interest rate using simple interest.
C) The correct way to annualize an interest rate is to compute the annual percentage rate (APR) .
D) You can find the interest rate per period by dividing the quoted annual rate by the number of compounding periods.
Correct Answer:
Verified
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