Question: If the interest is compounded more than once per year, which is the higher rate, the stated or effective? and why? if the interest is

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

if the interest is compounded more than once per year, which rate is higherr the stated rate or the effective rate? Choose the correct answer below. 0 A. There is not enough information to decide. 0 B. The effective rate is higher. 0 C. The effective rate and the stated rate are the same. 0 D. The stated rate is higher

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