Cost of bank loan Data Back-Up Systems has obtained a $10,000, 30-day bank loan at an annual interest rate of 17%, payable at maturity. (Note: Assume a 365-day year.) a. How much interest (in dollars) will the firm pay on the 30-day loan? b. Find the 30-day rate on the loan. c. Annualize your result in part b to find the effective annual rate for this loan, assuming that it is rolled over every 30 days throughout the year under the same terms and circumstances. C a. The amount of interest on the loan is $ (Round to the nearest cent.) b. The effective 30-day rate is c. The effective annual rate is %. (Round to two decimal places.) %. (Round to two decimal places.)