Question: A.1) Choose the most accurate answer Select one as If a bank compounds savings account annually the annual percentage rate will exceed the effective annual

A.1) Choose the most accurate answer Select one as If a bank compounds savings account annually the annual percentage rate will exceed the effective annual rake b) If a bank compounds savings account quarterly, the annual percentage rate will exceed the effective annual rate c) It a bark compounds savings account daily the annual percentage rate will exceed the effective annual rake d If bank compounds savings account semi annually the annual percentage rate will exceed the effective annual sale e) The effective annical rate is higher than the annual percentage rate because the effect of Compounding interest

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