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First National Bank charges 10.3 percent compounded monthly on its business loans. First United Bank charges 10.5 percent compounded semiannually. Calculate the EAR-for each bank.

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First National Bank charges 10.3 percent compounded monthly on its business loans. First United Bank charges 10.5 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.)

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