Which of the following is most likely a true statement?

Select one:

a. With monthly compounding, the APR will be larger than the corresponding EAR.

b. When comparing investments, it is best not to rely solely on quoted rates.

c. The APR on a loan requiring monthly payments is the annual interest rate you actually pay.

d. Compounding will typically not lead to differences between quoted and effective rates.

e. Two investment accounts offer the same quoted annual rate, one account with quarterly compounding while the other with monthly compounding, and you should be indifferent between the two accounts