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Intro Bank of America quotes a rate of 11.6% with monthly compounding for a consumer loan, while Wells Fargo quotes you 12% with annual compounding.

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Intro Bank of America quotes a rate of 11.6% with monthly compounding for a consumer loan, while Wells Fargo quotes you 12% with annual compounding. Part 1 Attempt 1/3 for 10 pts. What is the EAR for Bank of America? 3+ decimals Submit | Attempt 1/3 for 10 pts. Part 2 What is the EAR for Wells Fargo? 3+ decimals Submit Part 3 Attempt 1/3 for 10 pts. As a borrower, which loan should you take? The loan from Bank of America The loan from Wells Fargo

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