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Which one of these formulas correctly defines an effective annual rate ( EAR ) for any compounding period? Multiple choice question. EAR = ( 1

Which one of these formulas correctly defines an effective annual rate (EAR) for any compounding period?
Multiple choice question.
EAR =(1+ Rate per period)Number of periods per year -1.
EAR = Rate per period \times Number of periods per year
EAR =(1+ APR)Number of periods per year -1
EAR = Rate per periodNumber of periods per year

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