You are considering four loan offers. The only significant difference between them is their interest rates. Given the following information, what is the lowest effective annual rate (EAR) offered across the four loans? You may assume a 365-day year.) Offer A: 6.80 percent APR with daily compounding. Offer B: 6.85 percent APR with monthly compounding. Offer C: 6.825 percent APR with quarterly compounding. Offer D: 6.85 percent APR with semiannual compounding. Note: Report the EAR as a percentage (i.e. 1.23% should be entered as 1.23)