Question: How does the frequency of compounding affect the APR and EAR comparison? More frequent compounding increases the effective annual rate compared to the nominal APR

How does the frequency of compounding affect the APR and EAR comparison?
More frequent compounding increases the effective annual rate compared to the nominal APR
Compounding frequency does not affect the comparison.
APR becomes irrelevant with more frequent compounding.
More frequent compounding decreases the effective rate.
How does the frequency of compounding affect the

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