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In the context of savings accounts, how does comparing EAR instead of APR benefit the consumer? EAR is always lower than APR for savings accounts,
In the context of savings accounts, how does comparing EAR instead of APR benefit the consumer?
EAR is always lower than APR for savings accounts, so it's more conservative.
EAR and APR are identical for savings accounts, so there's no benefit in comparing them.
APR is more beneficial for consumers to compare for savings accounts.
EAR provides a more accurate representation of the actual return.
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