What is the EAR of 4-year car loan for $20,000 that has monthly (end of the month) payments of $526.68? O 1) 12% O2) 48% 3) 48% 4) 12.68% You borrowed 25,000 two years ago. The loan terms are: 5-year loan with APR of 12% and with monthly payments of $556.11. Today, you decided you want to pay off the loan in 1 year rather than the remaining life of the loan. How much more do you have to add to your monthly payment in order to accomplish it (answer is rounded to the nearest dollar)? a) $1,320 Ob) $931 O c) $232 d) $546 e) $1,160 Of) $551 Og) $1.251