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Which of the following relationships about the effective annual rate ( EAR ) on an annual compounding investment is TRUE? a . APR = EAR

Which of the following relationships about the effective annual rate

(

EAR

)

on an annual

compounding investment is TRUE?

.

APR

=

EAR

.

EAR

APR

.

Quoted rate

>

EAR

.

EAR

APR

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