You are looking into taking out a personal loan. You have found 2 options available to you: Option 1: You can borrow from a finance company at an APR of 5% compounded weekly. Option 2: You can borrow from a bank at an APR of 6%, compounded monthly. You must answer 3 questions in the text boxes provided: 1. What is the Effective Annual Rate (EAR) for Option 1? (Express as a percentage, out to 2 decimal places: e.g., X.xx%) 2. What is the EAR for Option 2? (Use the same format as above.) 3. Which option should you choose? (Type either "Option 1" or "Option 2." Hint: EAR = [(1+APR/m)]^m - 1. We did this in Worksheet #5