Suppose you invest $$x$ today and will receive $$Y$ in $10$ years. Which of the following statements is true if interest is compounded more than once a year and the interest rate is greater than zero.

The annual simple interest rate on this investment is smaller than the annual compound interest rate on this investment

The APR on the loan is less than the EAR on the loan

The annual compound interest rate is less than the annual simple interest rate

None of the above statements are true