pls solve the problem.

You just borrowed money for four years to buy a car. The payments are $218 a month and the APR is 7 percent. How is the EAR computed? Click the answer you think is right. EAR [1+ (0.07/12)19-1 EAR-[1+ (0.07/4)1 - 1 EAR-[1 + (0.07/12)2 -1) EAR [1 + (0.07/48)-1 Read about this the