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10.00 points Royal Grandora Bank charges 13.2 percent compounded monthly on its business loans. First United Bank charges 13.5 percent compounded semiannually Calculate the EAR

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10.00 points Royal Grandora Bank charges 13.2 percent compounded monthly on its business loans. First United Bank charges 13.5 percent compounded semiannually Calculate the EAR for Royal Grandora Bank and First United Bank. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) EAR Royal Grandora First United As a potential borrower, which bank would you go to for a new loan? O Royal Grandora Bank First United Bank

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