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9. First National Bank charges 7% APR, compounded semi-monthly (24x per year), on its business loans. Calculate the effective annual rate on this loan. (Enter

9. First National Bank charges 7% APR, compounded semi-monthly (24x per year), on its business loans. Calculate the effective annual rate on this loan. (Enter percentages as decimals and round to 4 decimals)

10. Second National Bank charges a 12% effective annual rate on its business loans. Assuming daily compounding, calculate the annual percentage rate on this loan. (Enter percentages as decimals and round to 4 decimals)

11. Third National Bank charges a 7.5% APR, compounded monthly, on its business loans. Calculate the monthly period rate on this loan. (Enter percentages as decimals and round to 4 decimals)

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