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First National Bank charges 1 1 . 9 percent compounded monthly on its business loans. First United Bank charges 1 2 . 1 percent compounded
First National Bank charges percent compounded monthly on its business loans. First United Bank charges percent compounded semiannually. Calculate the EAR for each bank.
Note: Do not round intermediate calculations and enter your answers as a percent rounded to decimal places, eg
tableFirst National Bank,
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