TO Hey 5 Problem 8-19 Effective rate under different terms (LOB-2) Zerox Copying Company plans to borrow $202.000 New Jersey National Bank willend the money at one percentage porte the prime rate at the time of 16 50 percent (17 percent total and requires a compensating balance of 25 percent. The principais case will be funds that the firm can effectively use in the business. This loan is for one year o. What is the effective rate of interest input your answer as a percent rounded to 2 decimal places. Uw e360-day yet) Electorate of infot b. What would the effective rate be f Zerok were required to make four quarterly payments to retire the loan? Onput your answers percent rounded to 2 decimal places Elfective rate of the 5 of 11 Ned>