Red Lizard Construction just borrowed $57,000.00. The terms of the loan require the company to make equal monthly payments forever. The first monthly payment is due in 1 month. If the regular monthly loan payment is $550.00, then what is the EAR of the loan? A rate less than 9.62% or a rate greater than 12.53% A rate equal to or greater than 9.62% but less than 10.91% A rate equal to or greater than 11.90% but less than 12.53% A rate equal to or greater than 11.40% but less than 11.90% A rate equal to or greater than 10.91% but less than 11.40%