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First National Bank charges 12.0 percent compounded monthly on its business loans. First United Bank charges 12.2 percent compounded semiannually. Requirement : Calculate the EAR for each bank. (Do not
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First National Bank charges 12.0 percent compounded monthly on its business loans. First United Bank charges 12.2 percent compounded semiannually.

Requirement : Calculate the EAR for each bank. (Do not include the percent signs (%).

User Waseem Kurne
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1 Answer

6 votes

Answer: Thats the right one

Explanation: im not gay

User Terry Harvey
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