Compute the cost of not taking the following cash discounts. (Use a 360-day year. Do not round intermediate calculations. Input your final answers as a percent rounded to 2 decimal places.) Cost of Lost Discount a. 2/15, net 45 b. 2/16, net 45 c. 4/18, net 65 d. 4/17, net 155 Check my work Your bank will lend you $3,500 for 45 days at a cost of $40 interest What is your effective rate of interest? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Effective rate Mary Ott is going to borrow $9,700 for 180 days and pay $176 interest What is the effective rate of interest if the loan is discounted? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Effective rate on a discounted loan Check my work Maxim Air Filters Inc, plans to borrow $221,000 for one year. Northeast National Bank will lend the money at 11 percent interest and requires a compensating balance of 30 percent. What is the effective rate of interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Effective rate of interest