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a. Calculate the APR and rEAR assuming the loan is a simple interest loan with no compensating balance requirement. Do not round intermediate calculations. Round
a. Calculate the APR and rEAR assuming the loan is a simple interest loan with no compensating balance requirement. Do not round intermediate calculations. Round your answers to tw decimal places. APR: % rEAR:% b. Calculate the APR and rEAR assuming the loan is a simple interest loan with a 20 percent compensating balance requirement, and PAR currently holds no funds at the lending bank. D not round intermediate calculations. Round your answers to two decimal places. APR: % rEAR:% c. How much would PAR have to borrow if it needed $240,000 to pay bills and the loan required a 20 percent compensating balance? Round your answer to the neares dollar. $
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