Both loans mature in 1-year and have the same face value

Accounting May 08, 2023

Both loans mature in 1-year and have the same face value. Bank A has offered an 9% loan with a 1% origination fee and bank B has offered a 9% loan with a 5% no-interest compensation balance. What is the effective annual rate of each of the loans? What is the effective annual rate of each of the loans if they mature in 6 months instead of 1 year?