You are required to hold a compensating balance on a loan of 15%. You will borrow money today, and one year from today you will make a single interest payment and pay off the balance on the loan (it is an annual loan with annual compounding.) You need $467,500 in order to fund a project. The annual interest rate on the loan is 7.4%

1.In order to receive the required funding, the principal on the loan has to be $:

2.The cash flow on the loan at t=0 is equal to $:

3.The cash flow on the loan at t=1 is equal to -$:

4.What is the EAR of the loan, taking into account that the loan requires a compensating balance?: