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I know the answer but can you explain why it is the answer? 15. Which of the following financing arrangements offers the lowest cost of

I know the answer but can you explain why it is the answer?
15. Which of the following financing arrangements offers the lowest cost of credit, on an effective annual rate basis? A. A simple interest loan of 12 percent per year. B. A loan with an APR of 11.45 percent, interest compounded quarterly. C. A loan with a stated interest of 11.2 percent, compounded continuously. D. A loan with a stated interest of 11.4 percent, interest compounded monthly

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