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Two credit cards both state an APR of 15%. First National Bank's card charges 1.25% compounded monthly. First United Bank's card charges 7.5% compounded semiannually

Two credit cards both state an APR of 15%. First National Bank's card charges 1.25% compounded monthly. First United Bank's card charges 7.5% compounded semiannually (twice a year). Given these APR's, what are the effective annual rates charged by these two credit cards?

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