QUESTION 5 Sarah just borrowed $41,000 to buy an ice cream truck. The terms of the loan require him to make equal regular quarterly payments for 5 years plus an extra payment of $6,000 in 5 years. His first regular quarterly payment is due in 3 months. If Sarah s regular quarterly payment is $2,893.51, then what is the EAR of his loan? 18.21% (plus or minus 0.03 percentage points) 17.08% (plus or minus 0.03 percentage points) 23.20% (plus or minus 0.03 percentage points) 14.90% (plus or minus 0.03 percentage points) None of the above is within 0.03 percentage points of the correct