Question: Question 1 For a bank deposit paying 12% compounded annually, which one of the following statements is correct? a. APR = EAR b. The real

Question 1 For a bank deposit paying 12% compounded annually, which one of the following statements is correct? a. APR = EAR b. The real APR is lower than 12% c. There is not enough information to answer the question d. The EAR is higher than 12% e. EAR

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