Question: If the interest is compounded more than once per year, which rate is higher, the slated rate or the effective rate? Choose one A. The

If the interest is compounded more than once per year, which rate is higher, the slated rate or the effective rate?

Choose one A. The effective rate is higher. B. There is not enough information to decide. C. The effective rate and the stated rate are the same. D. The stated rate is higher.

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