Calculate the effective rate for each of the following. Assume Company A will need to borrow $800,000 for 180 days. 1) A 14% bank loan 2) A 13% APR,...

Calculate the effective rate for each of the following. Assume Company A will need to borrow $800,000 for 180 days. 

• 1) A 14% bank loan

• 2) A 13% APR, discounted bank loan

3) 12.5% APR with fees of 1% for receivables financing

• 4A $2 million revolving-credit agreement with an APR of 12% with a commitment fee of 0.5% on the unused balance and a 10% compensating balance requirement.

PART A effective rateeffective interest rateanswer 1.at 14%0.150243 15.02% answer2at 13% 0.138802 13.88% answer 3at 13.5% 0.144508 14.45% answer 4at 13.5% 0.144508 14.45%