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Calculate the ear for first united bank

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Reference no: EM132646912

First National Bank charges 11.18 % compounded monthly on its business loans. First United Bank charges 11.53%, compounded semiannually.

Calculate the EAR for First United Bank. (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations).

Reference no: EM132646912

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Calculate the ear for first united bank : First National Bank charges 11.18 % compounded monthly on its business loans. First United Bank charges 11.53%, compounded semiannually.
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