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15. Calculating EAR (L04) Royal Grandora Bank charges 132 percent compounded monthly on its business loans. First United Bank charges 13.5 percent compounded semiannually. As

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15. Calculating EAR (L04) Royal Grandora Bank charges 132 percent compounded monthly on its business loans. First United Bank charges 13.5 percent compounded semiannually. As a potential borrower, which bank would you go to for a new loan

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