Over this past year you received a nominal wage raise of 11%. If price have increased by an average of 4% over the year, how much has your purchasing power actually changed? (HINT: Find the real rate of return.) QUESTION 2 You are choosing between 2 possible loans to finance an upcoming vehicle purchase. The first loan, Loan A, has an APR of 3% compounded monthly which results in an EAR of 8.3%. The second loan, Loan 3, has an APR of 8.19 compounded semiannually which results in an EAR of 8.26%. Which loan should you choose? Loan A due to a lower APR Loan B due to a lower APR Loan A due to a lower EAR O Loan B due to a lower EAR