Connecticut Advanced Technologies (CAT) is planning to get a 30-day, $150,000, simple interest loan from its bank. The quoted interest rate on the loan is 10 percent.

1. calculate the periodic rate assuming the lone has no compensating balance requirement ?

a) 0.82%

b) 1.55%

c)2.00%

d)2.36%

e)2.63%

2. calculate the (APR) assuming the lone has no compensating balance requirement ?

a) 9.98%%

b) 10.45%

c)11.55%

d)11.86%

e)12.53%

3. calculate the (EAR) assuming the lone has no compensating balance requirement?

a) 9.98%

b) 10.45%

c)11.55%

d)11.86%

e)12.53%

2. calculate the (APR) assuming the lone has no compensating balance requirement?

a) 9.98%

b) 10.45%

c)11.55%

d)11.86%

e)12.53%

3. calculate the periodic rate assuming the lone has a 20 percent compensating balance requirement, and CAT currently holds no funds at the lending bank.?

a) 2.63%

b) 2.36%

c)2.00%

d)1.65%

e)1.03%

4. calculate the APR assuming the lone has a 20 percent compensating balance requirement, and CAT currently holds no funds at the lending bank.?

a) 9.98%

b) 10.45%

c)11.55%

d)11.86%

e)12.53%

5. calculate the EAR assuming the lone has a 20 percent compensating balance requirement, and CAT currently holds no funds at the lending bank.?

a) 9.98%

b) 10.99%

c)11.55%

d)12.53%

e)13.28%