PanAir Reservations $($PAR$)$ borrowed $$210,000$ for $30$ days from its bank. The interest rate on the loan is $12$ percent. Assume there are $360$ days in a year.

a$.$ Calculate the APR and $r_{\text{E}\text{A}\text{R}}$ assuming the loan is a simple interest loan with no compensating balance requirement. Do not round intermediate calculations. Round your answers to two

decimal places.

b$.$ Calculate the APR and $r_{\text{E}\text{A}\text{R}}$ assuming the loan is a simple interest loan with a $20$ percent compensating balance requirement, and PAR currently holds no funds at the lending bank. Do

not round intermediate calculations. Round your answers to two decimal places.

c$.$ How much would PAR have to borrow if it needed $$210,000$ to pay bills and the loan required a $20$ percent compensating balance? Round your answer to the neares dollar.

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