Question: Question 1 (1 point) The effective annual rate is equal to the APR (Annualized Percentage Rate) advertised by financial institutions. True False Question 2 (1

Question 1 (1 point) The effective annual rate is equal to the APR (Annualized Percentage Rate) advertised by financial institutions. True False Question 2 (1 point) if we put our money in a savings account at 0.596 per month at the end of a quarter we will have earned less or more than 1.5%? less more Question 3 (1 point) If we have a savings account with an APR of 6% and monthly compounding of interest rate, the corresponding effective interest rate will be.. less than 6% more than 696

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