First national bank charges 115 percent compounded monthly
First National Bank charges 11.5 percent compounded monthly on its business loans. First United Bank charges 11.7 percent compounded semiannually.
Calculate the EAR for each bank.
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first national bank charges 115 percent compounded monthly on its business loans first united bank charges 117 percent
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the following premiums apply to a 6-month bond interest rate risk premium 022 percent real rate 350 percent default
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