You've worked out a line of credit arrangement that allows you to borrow up to 60 million dollars at any time. The interest rate is .574 percent. per month. In addition, 5 percent of the amount that you borrow must be deposited into a non-interest bearing account. Assume that you rbank uses compound intereston its line of credit loans. What is the effective annual interest rate on this arrangement? Suppose you need15.2 million dollars today, and you repay it in seven months. How much interest will you pay?