Question: Question 9 Why is the Effective Annual Rate ( EAR ) more appropriate than APR when comparing loans or investments? a . EAR accounts for

Question 9Why is the Effective Annual Rate (EAR) more appropriate than APR when comparing loans or investments? a. EAR accounts for compounding effectsO b. EAR is always equal to APRO c. EAR ignores the number of compounding periods d. EAR is only relevant for simple interest calculations

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