By increasing the number of compounding periods in a year,while holding the annual percentage rate constant,you will

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Increasing the number of compounding periods in a year will increase the effective annual rate (EAR) and the annual percentage yield (APY), as more frequent compounding leads to more interest being earned on previously earned interest. Therefore, keeping the annual percentage rate (APR) constant, the APY will increase as the number of compounding periods per year increases.

By Increasing the Number of Compounding Periods in a Year,while