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Cost of Bank Loans Del Hawley, owner of Hawley's Hardware, is negotiating with First City Bank for a 1-year loan of $50,000. Biaya Pinjaman Bank Del Hawley, pemilik Hawley Hardware, sedang melakukan negosiasi dengan First City Bank untuk pinjaman 1 tahun sebesar $ 50.000. First City has offered Hawley the following alternatives. Kota Pertama telah menawarkan Hawley alternatif berikut. Calculate the effective annual interest rate for each alternative. Menghitung tingkat bunga efektif untuk setiap alternatif. Which alternative has the lowest effective annual interest rate? Alternatif mana memiliki tingkat bunga efektif terendah? 
a. a. A 12% annual rate on a simple interest loan, with no compensating balance required and interest due at the end of the year. Sebuah tingkat tahunan 12% pada pinjaman bunga sederhana, tanpa saldo kompensasi yang diperlukan dan bunga jatuh tempo pada akhir tahun. 
b. b. A 9% annual rate on a simple interest loan, with a 20% compensating balance required and interest due at the end of the year. Tingkat tahunan 9% pada pinjaman bunga sederhana, dengan saldo kompensasi 20% diperlukan dan bunga jatuh tempo pada akhir tahun. 
c. c. An 8.75% annual rate on a discounted loan, with a 15% compensating balance. Tingkat tahunan 8,75% pada pinjaman diskon, dengan saldo kompensasi 15%. 
d. d. Interest is figured as 8% of the $50,000 amount, payable at the end of the year, but the $50,000 is repayable in monthly installments during the year. Bunga digambarkan sebagai 8% dari $ 50.000 jumlah, dibayarkan pada akhir tahun, tapi $ 50.000 ini diangsur secara bulanan sepanjang tahun. 

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