Question: Each loan involves borrowing funds today and paying back the original principal and all accrued interest in 3 years. Loan A has a stated interest

Each loan involves borrowing funds today and paying back the original principal and all accrued interest in 3 years. Loan A has a stated interest rate of 8.88%, compounded monthly. Loan B has a stated interest of 9%, compounded quarterly. Loan C has a stated interest rate of 9.14%, compounded semi-annually. Input instructions: Input your answer as the number that appears before the percentage sign. For example, enter 9.86 for 9.86% (do not enter .0986 or 9.86%). Round your answer to at least 2 decimal places. What is the EAR of loan A? 13.08 percent What is the EAR of loan B? 13.36 percent What is the EAR of loan C? 13.40 percent What is the EAR of the most desirable loan for the borrower? percent

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