Score: 0 of 1 pt 4 of 10 (4 complete) HW Score: 37.5%, 3.75 of 10 pts P15-5 (similar to) 3 Question Help Discount loan. Up-Front Bank uses discount loans for all its customers who want one-year loans. Currently, the bank is providing one-year discount loans at 7.7%. What is the effective annual rate on these loans? If you were required to repay $280,000 at the end of the loan for one year, how much would the bank have given you at the start of the loan? If you were required to repay $280,000 at the end of the loan for one year, how much would the bank have given you at the start of the loan? $ (Round to the nearest dollar.)