After perusing some personal loan rates available to you, you find that you can borrow funds from a finance company at an APR of 12% compounded monthly or from a bank at an APR of 13% compounded annually. Which alternative is more attractive? The APR of 12% monthly because that is an EAR of 12.68% The APR of 13% annually because that's an EAR of 12% The APR of 13% annually because that's the highest rate. The APR of 12% monthly because that's an EAR of 12.5%