Your company plans to borrow $13 million for 12 months, and your banker gives you a stated rate of 20 percent interest Calculate the effective rate of interest for the following types of loans a. Simple 20 percent interest with a compensating balance of 12 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 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.) Eflective rate of interest d. Discounted interest with a compensating balance of 6 percent. (Use a 360-day year. Input your answer as a percent rounded to 2 decimal places.) Effective rate of interest