Kevin and nancy are married; kevin is the primary breadwinner and has a health insurance policy that covers both him and his wife. nancy has an illness that requires significant medical attention. kevin and nancy decide to legally separate, which means that nancy will no longer be eligible for health insurance coverage under kevin. which of the following options would be best for nancy at this point?

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?