Question: How would you describe the relation between EAR as the number of compounding intervals increase? a. The EAR decreases as the number of intervals increase

How would you describe the relation between EAR as the number of compounding intervals increase?

a.

The EAR decreases as the number of intervals increase
b.

It depends on the APR and number of intervals
c.

None of the above
d.

The EAR increases as the number of intervals increase

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