Register
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
23.1k views
11 votes
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
by
4.8k points

1 Answer

6 votes

Answer: Thats the right one

Explanation: im not gay

User Terry Harvey
by
4.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.7m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Everyone has a unique spending plan. Which of the following factors has the greatest effect on a person's spending decisions?
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
Link Copied!