(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 13 percent compounded semiannually or from a bank at 14 percent compounded weekly. Which alternative is more attractive? If you can borrow funds from a finance company at 13 percent compounded semiannually, the EAR for the loan is \%. (Round to two decimal places.)