Question: If there is no compounding during the year, ... A. The quoted rate (APR) is the same as the effective rate. B. the quoted rate

If there is no compounding during the year, ...

A. The quoted rate (APR) is the same as the effective rate.

B. the quoted rate (APR) is higher than the effective rate.

C. the quoted rate (APR) is lower than the effective rate.

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