as a All answers must be entered formula. Click OK to begin. OK C5 Excel i Saved Clipboard 2 Font [5 Styles A A1 X face > 2 A B D E F G H 1 N 15 points 3 First National Bank charges 12.4 percent compounded monthly on its business loans. First United Bank charges 12.7 percent compounded semiannually. As a potential borrower, which bank would you go to for a new loan? eBook 4 5 Complete the following analysis. Do not hard code values in your calculations. Print 6 References 7 8 Times compounded Stated rate (APR) per year First National Bank 12.4% First United Bank 12.7% 2 Effective rate (EAR) 9 12 10 11 12 13 14