The management of PSR Incorporation plans to make their borrowings of $75,000 for a year in the form of shorter-term bank loans. The discount rate that is offered by the bank for the loan taken by the company is 5.0% with an origination fee of 1.55%. Now determine what will be the rate of interest that is charged by the bank? Choose an answer The interest charged by the bank is 12.01% The interest charged by the bank is 13.56% The interest charged by the bank is 8.56% The interest charged by the bank is 7.01%