You are enrolling in an MBA program. To pay your tuition, you can either take out a standard student loan (so the interest payments are not tax deductible) that has an EAR of 5% or you can use a tax-deductible home equity loan with an APR (monthly compounding) of 5.875%. You anticipate being in a very low tax bracket, so your tax rate will be only 15%. Which loan should you use? The after-tax rates for the two loans are: Compare Standard loan rate: Home equity loan rate: Percent %. (Round to three decimal places.) \%. (R and to three decimal places