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if the interest is compounded more than once per year, which rate is higherr the stated rate or the effective rate? Choose the correct answer below. 0 A. There is not enough information to decide. 0 B. The effective rate is higher. 0 C. The effective rate and the stated rate are the same.

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if the interest is compounded more than once per year, which rate is higherr the stated rate or the effective rate? Choose the correct answer below. 0 A. There is not enough information to decide. 0 B. The effective rate is higher. 0 C. The effective rate and the stated rate are the same.

 
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