Rockville Corporation is going to borrow $250,000 from its bank at an APR of 8.5 percent. The bank requires its customers to maintain a 10 percent compensating balance. What is the effective interest rate on this bank loan? Round to 4 decimal places and enter percentages as a decimal. Sybex Corp. sells its goods with terms of 4/10 EOM, net 30. What is the implicit cost of the trade credit? Round to 4 decimal places and represent percentage as a decimal