You are the accounting manager for Kool Ragz. Inc, a manufacturer of men's and women's clothing. The company needs to borrow $1,500,000 for 90 days in order to purchase a large quantity of materiat at "closeout" prices. The interest rate for wuch loans at your bank, Rimrock Bank, is 14% using ordinary interest. (a) What is the amount (in $ ) of interest on this loan? s (b) After making a few "thopping" calls, you find that Southside National Bank will lend at 14% using exact interest. What is the amount (in \$) of interest on this offer? (Round your answer to two decimal places.) s. (c) So that it can keep your business, Mimreck Bank has offered a loan at 13.5% wing ofdinary interest. What is the amount (in s) of interest on this offer? 5 (d) (Cholionge) If Southide Nutional wants to compete wat Rimrocks last effer (part c) by charging \$1, 6as less interest, what rate (as a w), reunded to the nearest hundredtis of a percent, must it quote using exact intereut