Smith Sony Ean Corporation (SSE) needs to raise some additional short-term funds, One Vouce would be to bottom from its local bank, which would charge a stated interest rate of 7.5%, but discount the interest and someone compensating balances of 10% of the face amount borrowed. Assuming a one-year loan, SSE needs 5100.300 in usable funds, what must be the face value of the loan? Select one: a. $121,212 b. $111,111 c. $108, 108 d. $ 109,091 Shark Corporation will make a one-year loan of 560,000 at a quoted interest rate of 10%. It requires its customer to repay the principal in equal monthly installments with the loan interest to be paid at the end of the loan period the end of the 12th month). What is the nominal annual interest rate being charged on the loan? Select one: a. 1.4% b. 13.4% c. 12.0% d. 16.7%