your company plans to borrow $5 million for 12months, and your banker gives you a stated rate of 14 % interest. You would like to know the effective rate of interest for the following types of loans.(Each of the following parts stands alone.) a) simple 14% interest with a 10 % compensating balance. b) discounted interest C) an installment loan (12 payments) d) discounted interest with a 5% compensating balance