First national bank charges 135 percent compounded monthly, Ask an Expert

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First national bank charges 13.5 percent compounded monthly on its business loans. First United bank charges 13.8% compounded semiannually. Calculate the EAR for the First national bank, and the first united bank. (do not round intermediate calculations, enter answers as a percent rounded two decimal places)

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Financial Management, Finance

Category:- Financial Management
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