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First National Bank charges 11.6 percent compounded monthly on its business loans. First United Bank charges 11.8 percent compounded semiannually. Calculate the EAR for each bank. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16) EAR 12.24 % First National Bank First United Bank 12.15 % As a potential borrower, which bank would you go to for a new loan? First National Bank