The effective annual rate $($EAR$)$ of a loan will increase if

Multiple Choice

the frequency of the interest rate compounding is decreased.

either the annual percentage rate $($APR$)$ or the compounding frequency is increased.

the annual percentage rate $($APR$)$ is decreased.

the interest is changed from compound to simple interest at the same annual percentage rate $($APR$).$

the compounding of interest is changed from continuous compounding to daily compounding.