Sarah is looking to expand her flower boutique. Her bank offered her a $10,000 6 month loan bearing 7% interest payable on a discounted basis. Find the annual effective rate of interest. Round you answer to 2 decimal places (e.g. 4.25%). I F T: i B I What is the effective interest rate cost of not taking the discount when offered terms of 1/10,n/45?. Round you answer to 2 decimal places (e.g. 4.25%). 1 FE TO B B I I P&