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If a deposit taking institution promises to increase within year compounding to a very high frequency, what do you think happens to EAR as compounding

If a deposit taking institution promises to increase within year compounding to a very high frequency, what do you think happens to EAR as compounding becomes more and more frequent: Select one: Increases the EAR to an asymptotic limit Has no effect on the EAR Decreases the associated EAR indefinitely Increases the associated EAR indefinitely

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