Mary needs a 1 year inventory loan for her business. Easy Loan Co. offers her a 1 year inventory loan at 6.00% compunded annually. Inventory Loan Co. offers her a 1 year loan at 5.80% annual interest compunded monthly. Which loan should Mary accept to finance her inventory? The effective rate for both loans is the same. Select Inventory Loan Co.: Inventory Loan co. effective rate of 5.96% is lower than Easy Loan Co. effective rate of 6.00%. Select Easy Loan Co.: Inventory Loan Co. stated rate of 6.00% is greater then the Easy Loan Co. stated rate of 5.85% Select Inventory Loan Co: Inventory Loan Co. effective rate of of 6.00% is lower than Easy Loan Co. effective rate of 6.01%