6. A bank offers you a $5,000 personal loan at 18% interest, compounded monthly. The Effective Annual Rate ("EAR") on this loan must be between: O 17.5% -18.1% O 18.1% - 18.7% O 18.7% - 19.3% 19.3% -19.9% O 19.9% - 20.5% O 20.5% - 21.1%