Your company plans to borrow $13 million for 12 months, and your banker gives you a stated rate of 24 percent interest Calculate the effective rate of interest for the following types of loans a. Simple 24 percent interest with a compensating balance of 10 percent. (Use a 360-day year. Input your answer as a percent rounded to 2 decimal places.) Effective rate of interest b. Discounted interest (with no compensating balance). (Input your answer as a percent rounded to 2 decimal places.) Effective rate of interest c. An installment loan (12 payments). (Input your answer as a percent rounded to 2 decimal places.) Effective rate of interest b. Discounted interest (with no compensating balance). (Input your answer as a percent rounded to 2 decimal places) Efective rate of interest im c. An instalment loan (12 payments). (Input your answer as a percent rounded to 2 decimal places.) Effective rate of interest1%) rin d. Discounted Interest with a compensating balance of 5 percent (Use a 360-day year Input your answer as a percent rounded to 2 decimal places) Eoctive rate of interest