13. What is the EAR of a 3-month loan offering of $200,000 that requires a non-interest bearing compensating balance account of 10% and has an interest rate of 12%? a. b. . d. 16.7% 3.390 14% 17.6% 14. John is 25 years old and wishes to retire in 30 years. His plan is to invest in a mutual fund earning a 12 percent annual return and have a $1million retirement fund at age 55. How much must he invest at the end of each year in equal payments to achieve his goal? a. $7,499.96 b. $4,143.83 c. $5,024.60 d. $33,333.33