APR of 6% increases in value each year by a factor of a. 1.06. b. 1.6. . 1.006. QQ4. An account with an APR of 4% and quarterly compounding increases in value every 3 months by a. 1%. b. 1/4%. . 4%. QQ6. Assuming positive values for the interest rate, the annual percentage rate (APR) is always a. greater than the APY. b. less than or equal to the APY. c. the same as the APY