(Related to Checkpoint 5.7) (Calculating an EAR) You have a choice of borrowing money from a finance company at 25 percent compounded semiannually or borrowing money from a bank at 27 percent compounded quarterly. Which alternative is the most attractive? If you can borrow funds from a finance company at 25 percent compounded semiannually, the EAR for the loan is % (Round to two decimal places) If you can borrow funds from a bank at 27 percent compounded quarterly the EAR for the loan is %. (Round to two decimal places.) Based on the findings above which alternative is more attractive? (Select the best choice below.) The loan from the finance company at 25% compounded semiannually The loan from the bank at 27% compounded quarterly