Red Lizard Construction just borrowed $59,300.00. The terms of the loan require the company to make equal monthly payments forever. The first monthly payment is due in 1 month. If the regular monthly loan payment is $580.00, then what is the EAR of the loan? O A rate equal to or greater than 9.69% but less than 10.92% O A rate equal to or greater than 10.92% but less than 11.49% O A rate less than 9.69% or a rate greater than 12.72% O A rate equal to or greater than 11.49% but less than 12.06% O A rate equal to or greater than 12.06% but less than 12.72%