dentify the correct expression for the effective annual rate $($EAR$).$

Group of answer choices

$(1+$ Periodic rate of interest$)$Number of borrowing $($interest$)$ periods in one year $1$

$(1/$ Periodic rate of interest$)$Number of borrowing $($interest$)$ periods in one year $1$

$(1$ Periodic rate of interest$)$Number of borrowing $($interest$)$ periods in one year $1$

$(1+$ Periodic rate of interest$)$Number of borrowing $($interest$)$ periods in one year $+1$