please help,ive had 2 chegg experts give me 2 different answers.

You are considering two ways of financing a spring break vacation. You could put it on your credit card at 12% APR, compounded monthly, or borrow the money from your parents, who want an interest payment of 8% every six months. Which is the lower rate? Note: Bo careful not to round any intermediate steps loss than six decimal places) The effective annual rate for your credit card is%. (Round to two dermal places.) The effective annual rate for the loan from your parents is % Round to two decimal places. The option with the lower effective annual rate is (Select from drop-down menu)