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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 EA…

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 EA…
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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 (%).

asked
User Waseem Kurne
by
8.2k points

1 Answer

6 votes

Answer: Thats the right one

Explanation: im not gay

answered
User Terry Harvey
by
8.7k points
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