First American Bank charges $10\mathrm{.}8$ percent compounded monthly on its business loans. First Fifth Bank charges $11$ 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$.,32\mathrm{.}16.)$

$\backslash$table$[[$First National Bank,$],[$First United Bank,$\frac{\%}{\%}$