Intro For a multiyear loan, Citi quotes you a rate of 12%, while Wells Fargo quotes you 11.7% Part 1 | Attempt 1/1 for 10 pts. Which statement is most likely INCORRECT? When comparing both investment and loan options, EAR, rather than the APR, should be used. Wells Fargo is a worse offer if compounded at high frequency. Wells Fargo is a better offer because of the lower rate. When comparing loans, you should select the one with the lowest EAR. Submit