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Q88. 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

Q88. 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.

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