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)

^^Answer is NOT .0718

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)

^^Answer is NOT. .1165

Please provide steps through excel, thank you!