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Rickos Rickos
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7 years ago
The annual percentage rate (APR) is calculated as
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.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
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David_hessDavid_hess
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7 years ago
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