Q2. You have worked out a line of credit arrangement that allows you to borrow up to $50 million at any time. The interest rate is 0.45% per month. In addition, 5% of the amount that you borrow must be deposited in a non-interest bearing account. Assume that you bank uses compound interest on its lines of credit loans. a. What is the effective interest rate on this lending arrangement? b. Suppose you need $15 million today and you repay in 6 months. How much interest will you pay