You need a 1 year inventory loan for your business. Inventory Loan Co. has a 1 year loan for 6.00% compounded annually. Easy Inventory Loans has a 1 year loan for 5.85% compounded monthly. Which loan would you select to finance your inventory? The effective rate for both loans is the same. Select Easy Loan Co.: Easy Loan co. effective rate of 5.99% is lower than Inventory Loan Co. effective rate of 6.00% Select Easy Loan Co: Inventory Loan Co. stated rate of 6.00% is greater then the Easy Loan Co. stated rate of 5.85% Select Inventory Loan Co: Inventory Loan Co. effective rate of of 6.00% is lower than Easy Loan Co. effective rate of 6.01%