a$.$ The effective rate of interest, or APR, on the loan is $8\%.($Round to two decimal places.$)$

b$.$ If the bank requires you to maintain a compensating balance of $14$ percent in the bank, the effective annual cost of the loan now is

$\%.($Round to two decimal places.$)$

c$.$In addition to the$$ compensating$-$balance requirement in part b$,$ you are told that interest will be discounted. What is the annualized rate of interest on the loan$$ now?