Which of the following statements are correct? [Select all that apply]

A. The EAR increases as the compounding frequency increases.
B. The periodic interest rate increases as the compounding frequency increases.
C. When choosing between two loans with different compounding frequencies, a borrower should choose the loan with the lowest APR.
D. When choosing between two loans with different APR's and compounding frequencies, a borrower should choose the loan with the lowest EAR.
E. You should always use the nominal interest rate in finance calculations.