Your company plans to borrow $$10$ million for $12$ months, and your banker gives you a stated rate of $23$ percent interest.

Calculate the effective rate of interest for the following types of loans.

Simple $23$ percent interest with a compensating balance of $20$ percent.

Note: Use a $360-$day year. Input your answer as a percent rounded to $2$ decimal places.

Discounted interest $($with no compensating balance$).$

Note: Input your answer as percent rounded to $2$ decimal places.

An installment loan $(12$ payments$).$

Note: Input your answer as percent rounded to $2$ decimal places.

Discounted interest with a compensating balance of $10$ percent.

Note: Use a $360-$day year. Input your answer as a percent rounded to $2$ decimal places.