40 d Professional Golf Course Management, Inc. has been offered a 180-day bank loan of $400,000 at an annual interest rate of 9%. The company will also be required to maintain a 15% compensating balance. What is he effective rate of interest rate for this loan? ut of 1 ve flag Select one: O A. 21.20% B. 19.00% OC. 22.35% OD. 11.18% Question 42 Not yet Kim's Autobody Shop would like to take out a $300,000 loan for expansion. Its bank is offering a 10 percent loan with a 25 percent compensating balance. What is the effective rate of interest for this loan? angivered Select one: Points out of Remove flag A. 11.76% B. 14.12% C. 10.11% D. 13.33%