9. If a firm borrowed P500,000 at a rate of 10% simple interest with monthly interest payments and a 365-day in a year, what would be the required interest payment must be paid monthly, what would be the effective annual rate? * (2 Points) O 9.86% 9% 10% 11% 5. If a firm borrowed P500,000 at a rate of 10% simple interest with monthly interest payments and a 365-day in a year, what would be the required interest payment for a 30-day month? * (2 Points) 4,109.59 0 4,166.67 0 4,000.00 5,000.00