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 5.625% or you can use a tax-deductible home equity Ioan 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? a. The after-tax rates for the two loans are: Standard loan rate: 1/0. Home equity loan rate: 1/ b. Which loan should I use