ASAP

Short-term financing through bank loans Naguter Corp, needs to take out a one-vear bank loan of $400,000 and has been offered several different cerms: One bank has offered a loan with 11% simple interest that requires monthly payments. The loan principal wil be paid back at the end of the vear, Based on a 360 -day year, what wit be the monthly payment for Jurie? (Hint: Remember that June has 30 dars.) 54,033.34 53,118.67 53,666.67 31,300.00 Another bank has offered 8% sdd-on interest to be repaid in 12 equal monthly instaliments, What is the monthly payment on this add-on interest boan? $36,000.00 $39,50000 $30,600,00 137,400.00