red lizard construction just borrowed $57,100.00. the terms of the loan require the company to make equal monthly payments forever. the first monthly payment is due in one month. if the regular monthly loan payment is $600.00 then what is the EAR OF THE LOAN?

Question 2 10 points Cobra 100. The comments for the monthly thwes of the OAS Othe D A ta DA Ahaha Red Lizard Construction just borrowed $57.100.00. The terms of the loan require the com is $600.00, then what is the EAR of the loan? O A rate equal to or greater than 11.97% but less than 12.99% O A rate equal to or greater than 10.99% but less than 11.97% O A rate less than 10.08% or a rate greater than 13.74% O A rate equal to or greater than 10.08% but less than 10.99% O A rate equal to or greater than 12.99% but less than 13.74% A Moving to another question will save this response