(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 9 percent compounded monthly or from a bank at 10 percent compounded quarterly. Which alternative is more attractive? If you can borrow funds from a finance company at 9 percent compounded monthly, the EAR for the loan is 9.38%. (Round to two decimal places.) If you can borrow funds from a bank at 10 percent compounded quarterly, the EAR for the loan is %. (Round to two decimal places.)