90. New York Bank provides Food Canning, Inc. a $25, Line of credit with an interest rate of 1.75 percent per quarter. The credit line also requires that 1 percent of the unused portion of the credit line he deposited in a noninterest heating account as a compensating balance. Food Canning, Inc's shortten'n investments are paying 1.2 percent per quarter. 1iu'IJhat is the effective annual interest rate on this arrangement if the line of credit goes unused all pear?I Assume an}:r funds borrowed or invested use compound interest. A. 436 percent 13. 4.8{1 percent C. LL39 percent D. Tilt] percent E. 12? percent