Problem 1) e) Which of the two loans is cheaper: the mortgage or the car loan?\ Question 5 Select one:\ \ The car loan is "cheaper" with an EAR of 5.34%\ cross out\ \ The EAR of the car loan is less than the EAR of the mortgage\ cross out\ \ The effective monthly rate of the car loan is 0.445% and is less than the effective monthly rate of the mortgage\ cross out\ \ The mortgage has an EAR of 5.411% and is "cheaper" than the car loan, which has an EAR of