Which of the following is correct?

Group of answer choices

An investment that is compounded quarterly has a higher effective annual rate than an investment with monthly compounding.

For an investment that is compounded monthly, the interest rate per period is the stated annual rate/12.

For an investment that is compounded semi-annually, the number of periods is 2 multiplied by number of years.

It is due to compounding that EAR (effective annual rate) differs from APR (annual percentage rate).