What is the Effective Annual interest Rate (EAR) of the following car loan?. The loan amount is $22,000. This is a five year loan with monthly (end of the month) payments of $730.71

1)

1%

2)

12.68%

3)

3.15%

4)

2.90%

5)

45.09%

6)

28.17%

7)

43.58%

8)

40.92%

9)

36.39%