Cost of bank loan Data Back Up Systoms has obtained a $24,000, 60 day bank loan at an annual interest rate of 15%, payable at maturity (Note: Assume a 385-day year a. How much interest on dollars) will the firm pay on the 60 day loan? b. Find the Goday rate on the loan c. Annunze your assult in part to find the effective anal rate for this bon, assuming that it is retted over every 60 days throughout the year under the same terms and circumstances 2. The amount of interest on the loans | Round to the nearest cont> b. The effective co-day rate is (Round to two decimies places) c. The effective annual rate is 1% Round to two decimal places