First National Bank charges 11.1 percent compounded monthly on its business loans. First United Bank charges 11.3 percent compounded semiannually. Requirement 1: Calculate the EAR for each bank. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).) EAR First National Bank % First United Bank % Requirement 2: As a potential borrower, which bank would you go to for a new loan?