Question 18 2.5 pts Vicknair borrowed $10,000 from bank A. The terms of the loan were as follows 36 payments $332.14 beginning 1 month from closing 12% interest compounded monthly $100 loan processing fee payable at closing The annual percentage rate (APR) on the loan is closest to: 12.70% 12% 12.68% Cannot be determined from the information Question 19 2.5 pts Vicknair borrowed $10,000 from bank A. The terms of the loan were as follows 36 payments $332.14 beginning 1 month from closing 12% interest compounded monthly $100 loan processing fee payable at closing The annual effective rate (AER) on the loan is closest to: 13.47% O 12.70% 12% Cannot be determined from the information