yo've worked out a line of credit arrangement that allows you to borrow up to $50 million at anytime. the intrest raye is .54 percent per month. In addition, 5 percent of the amount that you borrow must be deposited in a non-interest-bearing account. Assume that your bank uses compound intrest on ots lime of credit loans. a. what is the effective annual intrest rate on this lending arrangement? b. suppose you need $24 million today and you repay it in 6 months. how much intrest will you pay?