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Posted on Sep 05, 2024

First National Bank charges 1 3 . 8 percent compounded monthly on its business loans. First United Bank charges 1 4 . 1 percent compounded

First National Bank charges

13.8

percent compounded monthly on its business loans. First United Bank charges

14.1

percent compounded semiannually. Calculate the EAR for each offer.

Input area:

Output area:

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