e. delaying cash payments without affecting creditworthiness. a, b, C. b, c, d. c, d, e. a, d, e. First National Bank Lid has offered Junior the following alternatives in response to the R75 000 one-year loan application he made to the bank. Alternative 1: 7% discount interest, with a 10% compensating balance. Alternative 2: 8% simple interest with interest paid monthly. What will be the effective annual rate if Junior chooses to take the cheaper alternative? 7.23% 7 67% 8.00% 4 8.30% 199+ 10 F12 X pause prt sc X break sysrq & 8 O Y U O P H K