calculations. Round your answers to two decimal places. a. A 13% annual rate on a simple interest loan, with no compensating balance required and interest due at the end of the year. b. An 8% annual rate on a simple interest loan, with a 20% compensating balance required and interest due at the end of the % c. An 8.25% annual rate on a discounted loan, with a 15% compensating balance. % d. Interest figured as 9% of the $60,000 amount, payable at the end of the year, but with the loan amount repayable in monthly installments during the year. % Which alternative has the lowest effective annual interest rate? \begin{tabular}{l} \hline Select- \\ -Select- \\ \hline Alternative A \\ Alternative B \end{tabular}