Det Hawicy, owner of Hawler's Hardware, is negotiating with First City Bank for a 1-year loan of 560,000 . First Cty has offered Hawley the alternatives listed below. Cakcutate the effective annual interest rate for each alternative. Do not round intermediate calculations. Alound your answers to two decimal places. a. A 13% annual rate on a simple interest loan, wath no compensating balance required and interest due of the end of the year. b. An BW annual rate on a smple interest loan, with a 20% cempensating balance required and interest due at the end of the year. c. An 8.25 annual rate on a disceunted loan, with a 15Ws compenseting balance. 0. Imerest foured as pwi of the 560,000 amount, payasic at the end of the year, but with the loan amount repayaple in monthly intaliments during the yeac. Which akemative tas the lowest effective arhual interest rate