Which one of the following statements is correct? a. The APR is equal to the EAR for a loan that charges interest monthly. b. The EAR is always greater than the APR. c. The APR on a monthly loan is equal to (1 + monthly interest rate)12 - 1. d. The APR is the best measure of the actual rate you are paying on a loan. e. The EAR, rather than the APR, should be used to compare both investment and loan options.