Question 15 (3 points) If compounding occurs more than once per year, then the effective annual rate (EAR) will be ____ - the annual percentage rate (APR). a) greater than or equal to b) less than or equal to O c) equal to d) less than O e) greater than Question 16 (3 points) Chaney plans to invest his $10,000 lottery winnings for about 15 years. Which one of the following rates will provide him with the largest future value? O a) 3%, compounded annually Ob) They all result in the same FV. Oc) 3%, compounded monthly d) 3%, compounded quarterly