If anyone could help me with these, I would greatly appreciate it! Ill definitely give you a thumbs up if you get these correct. Thanks!

12. The Meyer Company must arrange financing for its working capital requirements for the coming year. Find the effective annual rate (EAR) of each of the following options:

a. Borrow from the bank on a simple interest basis for one year at 6 percent simple annual rate.

b. Borrow on a three-month renewable loan with 4.5 percent simple annual interest.

c. Borrow on an installment loan basis with a 4.0 percent annual add-on rate and 12 end-of month payments.

d. Obtain the needed funds by no longer taking discounts. Meyer buys on terms of 2/10, net 40.