a. What interest rate would make it worthwhile to incur a compensating balance of $15,000 in order to get a 0.65-percent lower interest rate on a 2-year, pure discount loan of $225,000? b. Is it worth incurring the compensating balance to obtain the lower rate? Complete this question by entering your answers in the tabs below. Required A Required B What interest rate would make it worthwhile to incur a compensating balance of $7,500 in order to get a 0.65-percent lower interest rate on a 2-year, pure discount loan of $150,000? Note: Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places. Interest rate %

a. What interest rate would make it worthwhile to incur a compensating balance of $15,000 in order to get a 0.65 -percent lower interest rate on a 2 -year, pure discount loan of $225,000 ? b. Is it worth incurring the compensating balance to obtain the lower rate? Complete this question by entering your answers in the tabs below. What interest rate would make it worthwhile to incur a compensating balance of $7,500 in order to get a 0.65 -percent lower interest rate on a 2 -year, pure discount loan of $150,000 ? Note; Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places. Complete this question by entering your answers in the tabs below. Is it worth incurring the compensating balance to obtain the lower rate? Is it worth incurring the compensating balance to obtain the lower rate