A vendor offers you trade credit terms of 2/15, net 40. Assume a 365-day year to calculate the value of this offer on an annual basis Select one: O a 29.80% O b. 29.39% Oc 14.62% Od 18.62% O e 18.37% Your firm needs to borrow $500,000 for one year. Your banker offers the following four loan options. Which one will you choose? (le, which offer has the lowest effective rate?) Select one O a 11% simple interest O b: 12% discount interest Oc9% simple interest with a 20% compensating balance Od 8.25% discount interest with a 15% compensating balance