Del Hawley, owner of Hawley$$s Hardware, is negotiating with First City Bank for a $1-$year loan of $$60,000.$ First City has offered Hawley the alternatives listed below. Calculate the effective annual interest rate for each alternative. Do not round intermediate calculations. Round your answers to two decimal places.

A $13\%$ annual rate on a simple interest loan, with no compensating balance required and interest due at the end of the year.

$13$

$\%$

A $8\%$ annual rate on a simple interest loan, with a $20\%$ compensating balance required and interest due at the end of the year.

$10$

$\%$

A $8\mathrm{.}25\%$ annual rate on a discounted loan, with a $15\%$ compensating balance.

$10\mathrm{.}75$

$\%$

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.