AP P 20-13 (similar to) Question Help The Needy Corporation borrowed 59,700 from Bank Ease. According to the terms of the loan Noody must pay the bank $302 in interest every three months for the three-your life of the loan, with the principal to be repaid at the matunty of the loan What effective annual rate (EAR) Is Needy paying? The offective annual rate is % (Round to one decimal place) 70, VOZU PLS P 20-14 (similar to) Question Help The Treadwater Bank wants to raise $1 14 million using three month commercial paper. The net proceeds to the bank will be $1,126,320 What is the effective annual rate (EAR) of this financing for Treadwater? The effective annual rate is (Round to two decimal places) 0/1) 0/1) 10/11 (0/1) P101)