First united bank charges 111 compounded semiannually as a
Showing all work in Excel: Calculating EAR. First National Bank charges 10.9% compounded monthly on its business loans. First United Bank charges 11.1% compounded semiannually. As a potential borrower, which bank would you go for a new loan?
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showing all work in excel calculating ear first national bank charges 109 compounded monthly on its business loans
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