Which of the following statements is true? The annual percentage rate (APR) is the true cost of borrowing If an investment pays 10 percent interest compounded quarterly, its effective annual rate will also be 10 percent If an investment pays 10 percent interest compounded quarterly, its effective annual rate (EAR) will be greater than 10 percent The annual percentage rate (APR) will be the same as the effective annual rate (EAR) when the compounding period is monthly