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Which one of the following statements concerning interest rates is correct? ( 5 points) Savers would prefer annual compounding over monthly compounding given the same annual percentage rate. The effective annual rate decreases as the number of compounding periods per year increases. The effective annual rate equals the annual percentage rate when interest is compounded annually. For any positive rate of interest, the annual percentage rate will always exceed the effective annual rate. Question 7 (4 points)