a. What interest rate would make it worthwhile to incur a compensating balance of $14,000 in order to get a 1-percent lower interest rate on a 1-year, pure discount loan of $245,000 ? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places.) b. Is it worth incurring the compensating balance to obtain the lower rate? Yes No