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PanAir Reservations ( PAR ) borrowed $ 1 8 0 , 0 0 0 for 7 2 days from its bank. The interest rate on

PanAir Reservations (PAR) borrowed $180,000 for 72 days from its bank. The interest rate on the loan is 9 percent. Assume there are 360 days in a year.
Calculate the APR and rEAR assuming the loan is a simple interest loan with no compensating balance requirement. Do not round intermediate calculations. Round your answers to two decimal places.
APR:
%
rEAR:
%
Calculate the APR and rEAR assuming the loan is a simple interest loan with a 20 percent compensating balance requirement, and PAR currently holds no funds at the lending bank. Do not round intermediate calculations. Round your answers to two decimal places.
APR:
%
rEAR:
%
How much would PAR have to borrow if it needed $180,000 to pay bills and the loan required a 20 percent compensating balance? Round your answer to the neares dollar.
$

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