A firm wants to borrow $20,000 at a stated annual rate of 10% interest for 1 year. If the interest on the loan is paid in advance, what is the effective annual interest rate? Select one: a. 9.11% b. 10.11% c. 11.11% O d. 12.11% Which of the following is guaranteed to a borrower regardless of the scarcity of funds by a commercial bank? Select one: a. Line of Credit b. Revolving Credit Agreement C. A and B d. None of the above Which of the following is the outright sale of accounts receivable at a discount as a means of obtaining short-term financing with accounts receivable? Select one