Question: please answer asap and there is more than one corrct answer Which of the following statements concerning the effective annual rate are correct? 1. When

please answer asap and there is more than one corrct answer

Which of the following statements concerning the effective annual rate are correct? 1. When making financial decisions, you should compare annual percentage rates (APR) rather than effective annual rates (EAR). II. The more frequently interest is compounded, the higher the effective annual rate is. III. A quoted rate of 6 percent compounded daily has a higher effective annual rate than if the rate were compounded semiannually IM Whan kan het manage chauld calart the off with the hinaut affective anal rate

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