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7 5 points Which of the following statements is most likely correct? If interest is compounded quarterly, the APR (effective annual rate) expresses the interest

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7 5 points Which of the following statements is most likely correct? If interest is compounded quarterly, the APR (effective annual rate) expresses the interest rate as if it were compounded annually. Compounding more frequently leads to a higher EAR. If your bank pays 6% in APR compounded quarterly, then the EAR must be lower than 6%. The APR (annual percentage rate) increases with the frequency of compounding. Previous Next

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