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Which of the following will most likely increase the effective annual rate (EAR) of a loan? a. Changing from weekly compounding to continuous compounding b.
Which of the following will most likely increase the effective annual rate (EAR) of a loan?
a. | Changing from weekly compounding to continuous compounding | |
b. | Decreasing the frequency of the interest compounding | |
c. | Decreasing the annual percentage rate | |
d. Applying only simple interest
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