Only part d! Keep getting the wrong answer! please show full steps for part d.

Your company plans to borrow $5 million for 12 months, and your banker gives you a stated rate of 8 percent interest. Calculate the annual rate of interest for the following types of loans. a. Simple 8 percent interest with a 10 percent compensating balance. (Use 365 days a year. Round the final answer to 2 decimal places.) Annual rate: b. Discounted interest. (Use 365 days a year. Round the final answer to 2 decimal places.) Annual rate c. An instalment loan (12 payments). (Round the final answer to 2 decimal places.) Annual rate d. Discounted interest with a 1 percent administration fee. (Round the final answer to 2 decimal places.) Annual rate