The annual percentage rate (APR) is calculated as [blank].
A) Interest rate per period x compounding periods per year.
B) ( 1+ quoted annual rate/compounding periods per year) compounding periods per year-1.
C) Interest rate per period / compounding periods per year.
D) 1 + quoted annual rate/compounding periods per year) 1/compounding periods per year-1.
Correct Answer:
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