then $55 per tire, payale in one year. What is the diflerence in PV betacen the frst and the second cher, assuming interest rates are 9A? A. 51,858 B. $1,856 C. $1,239 D. $495 A bank offers a loan that will requires you to pay 14% inferest compounded semiannualy. Which of the following is closest to the EAR charged by the bank? A. 17.39% B. 28.98% C. 11.59% D. 14.49% A. Leasing costs $202 more than buying B. Leasing costs 5337 more than buying C. Leating costs $135 more than buying. D. Leasing costs 5168 more than buring What is the offective annual rate (EAR)? A. It refers to the cash flows from an investment over a one-year period divided by the number of bimes that interest is compounded during the year B. It is the interest rate that would earn the same interest with annual compounding C. It is the ratio of the number of the annual percentage rate to the number of compounding periods per year: D. It is the interest rase for an n-year time interval, where n may be more thon one year or less than or equal to one year (a fraction)