Question: Question Help If the interest is compounded more than once per year which rate is higher the stated rate or the effective rate? Choose the

Question Help If the interest is compounded more than once per

Question Help If the interest is compounded more than once per year which rate is higher the stated rate or the effective rate? Choose the correct answer below O A There is not enough information to decide OB. The effective rate and the stated rate are the same OC. The effective rate is higher D. The stated rate is higher

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