Identify the correct expression for the effective annual rate (EAR).?
A. ?(1 + Periodic rate of interest)number of borrowing (interest) periods in one year- 1
B. ?(1 / Periodic rate of interest)number of borrowing (interest) periods in one year- 1
C. ?(1 - Periodic rate of interest)number of borrowing (interest) periods in one year- 1
D. ?(1 + Periodic rate of interest)number of borrowing (interest) periods in one year + 1
E. ?(1 - Periodic rate of interest)number of borrowing (interest) periods in one year + 1
Answer: A
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Fill in the blank(s) with correct word
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What will be an ideal response?
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Fill in the blank(s) with the appropriate word(s).