ration is planning to get a 270-day $500,000 simple interest loan from its bank at . Kerry qtcurrently holds no funds at the lending bank, what is the effective annual rate (CEAR) of t interest rate of 12 percent. Ifthe bank has a 20% compensati ume there are 360 days in a year. Round your answer to two decimal places.) derny currently hold loan? (Ass loaun? (Assime ng balance requirement and effective annual rate (CEAR) of the a. 11.52% b. 13.78% c. 14.25% d. 15.27% e. 12.55%