First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compounded semiannually. Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e. g., 32.16.)

EAR for First national Bank =  13.92 %

EAR for First United Bank = 13.85 %

Explanation:

given data

First National Bank charges =  13.1 percent

compounded monthly , 1 year = 12 month

First United Bank charges = 13.4 percent

compounded semiannually , 1 year = 2 semiannually

solution

we get here first EAR for First national Bank that is express as

EAR for First national Bank = .....................1

here r is rate and n is month

so put here value

EAR for First national Bank =  

EAR for First national Bank =  13.92 %

and

EAR for First United Bank   is

EAR for First United Bank =   ..................2

here r is rate and n is semi annually

EAR for First United Bank =

EAR for First United Bank = 13.85 %

here First United bank EAR is less

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

answer: most likely c

explanation: