Chegg.com A local finance company quotes a 13 percent int... Solved: Calculating EAR A local finar Saved SU2020 6 Marisol is looking at a one-year loan of $15,000. The interest rate is quoted as 9 percent plus 4 points. A point on a loan is simply 1 percent (one percentage point) of the loan amount. Quotes similar to this one are common with home mortgages. The Interest rate quotation in this example requires the borrower to pay 4 points to the lender up front and repay the loan later with 9 percent interest. What rate would Marisol actually be paying here? 2 Multiple Choice 12.19% 9.00% 14.90% 4.64%