Document files .doc .docx .epub .gdoc .odt.oth .ott .pages .pdf .rtf 2 a) Rearden Metal has borrowed $4 million for three months at a stated annual rate of 8%, using inventory stored in a field warehouse as collateral. The warehouse charges a $10,000 fee, payable at the end of the month. Calculate the effect annual rate on this loan. of (8 marks) b) Luther Industries is offered a 1 million dollar loan for four months at an APR of 9%. If this loan has an origination fee of 1%, what is the effective annual rate (EAR) for this loan? (7 marks) (Total 15 marks) You can download this question here You can answer this question either by typing directly your answer below OR uploading a file with an answer for this question. Make sure that your answer file uploaded contains the answer to this question ONLY. 7 AT 933 B I MAR 80