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Which of the following statements is true regarding APR and EAR? Multiple Choice The APR and EAR can never be equal. The EAR is generally

Which of the following statements is true regarding APR and EAR?

Multiple Choice

  • The APR and EAR can never be equal.

  • The EAR is generally lower than the APR.

  • The EAR will decrease with an increase in compounding frequency.

  • The APR can never be higher than the EAR.

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