Your company plans to borrow $5 million for 12 months, and your banker gives you a stated rate of 8 percent interest. Calculate the annual rate of interest for the following types of loans. a. Simple 8 percent interest with a 10 percent compensating balance. (Use 365 days a year. Round the final answer to 2 decimal places.) Annual rate %7 b. Discounted interest. (Use 365 days a year. Round the final answer to 2 decimal places.) Annual rate % C. An installment loan (12 payments) (Round the final answer to 2 decimal places.) Annual rate d. Discounted interest with a 1 percent administration fee. (Round the final answer to 2 decimal places.) Annual rate