Which of the following statements is/are correct regarding an annual rate of 6%? a. Its EFF (or EAR) is larger than 6%, if the rate is semi-annually compounding. b. Its EFF (or EAR) is same as 696, if the rate is annually compounding. C. Its periodic rate is larger than 3%, if the rate is semi-annually compounding. d. Both a and b are correct e. Both a and c are correct. A bank recently loaned you $450,000 to buy a house. The loan is for fifteen years and is fully amortized. The nominal rate on the loan is 3%, and payments are made at the end of each month. What will be the remaining balance on the loan after you make the 130th payment? a. $148,125.07 b. $138,363.22 c. $145,890.73 d. $148,532.38 e. $147,599.03