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First national bank charges 13.2 percent compounded monthly on its business loans. first united bank charges 13.5 percent compounded semiannually. calculate the ear for first na…

First national bank charges 13.2 percent compounded monthly on its business loans. first united bank charges 13.5 percent compounded semiannually. calculate the ear for first na…
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First national bank charges 13.2 percent compounded monthly on its business loans. first united bank charges 13.5 percent compounded semiannually. calculate the ear for first national bank and first united bank

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User Engelbert
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1 Answer

4 votes

first national bank charges 158.4% annually

first united bank charges 58.2% annually

answered
User Rondu
by
8.0k points
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