(Related to Checkpoint 5.7) (Calculating an EAR) After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at 14 percent compounded semiannually or from a bank at 15 percent compounded weekly. Which alternative is more attractive? If you can borrow funds from a finance company at 14 percent compounded semiannually, the EAR for the loan is %. (Round to two decimal places.) 312 1 12 52 Enter your answer in the answer box and then click Check Answer. 2 pernaining Clear All Check