interest rate for each alternative. Do not round intermediate calculations. Round your answers to two decimal places. a. A 14% annual rate on a simple interest loan, with no compensating balance required and interest due at the end of the year. % b. A 10% annual rate on a simple interest loan, with a 20% compensating balance required and interest due at the end of the year. % c. An 8% annual rate on a discounted loan, with a 15% compensating balance. % d. Interest figured as 9% of the $65,000 amount, payable at the end of the year, but with the loan amount repayable in monthly installments during the year. % Which alternative has the lowest effective annual interest rate