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please answer with excell formulas HOMELESSON ASSIGNMENT Saved Gipboard Font F Styles E14 v v HELA B D E F G H 3 First National

image text in transcribedplease answer with excell formulas
HOMELESSON ASSIGNMENT Saved Gipboard Font F Styles E14 v v HELA B D E F G H 3 First National Bank charges 12.4 percent compounded monthly on its business loans. First United Bank charges 12.7 percent compounded semiannually. As a potential borrower, which bank would you go to for a new loan? 4 5 Complete the following analysis. Do not hard code values in your calculations. 6. 7 00 Times compounded per year 12 2 Effective rate (EAR) 9 Stated rate (APR) 12.4% 12.7% First National Bank First United Bank 10 11 12 113 W

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