First National Bank charges 11.9 percent compounded monthly on its business loans. First United Bank charges 12.1 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.) EAR First National Bank % First United Bank % As a potential borrower, which bank would you go to for a new loan?