Homework: Chapter 5 Homework Save Score: 0 of 1 pt 13 of 14 (14 complete) HW Score: 61.9%, 8.67 of 14 pts P5-35 (similar to) Question Help (Related to Checkpoint 5.7) (Calculating an EAR) After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at 8 percent compounded annually or from a bank at 9 percent compounded weekly. Which alternative is more attractive? If you can borrow funds from a finance company at 8 percent compounded annually, the EAR for the loan is %. (Round to two decimal places.) Enter your answer in the answer box and then click Check