First National Bank charges 13.7 percent compounded monthly on its business loans. First United Bank charges 14 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.) As a potential borrower, which bank would you go to for a new loan

14.59%

14.49%

Explanation:

Effective annual interest (EAR) = (1 + periodic interest)^m - 1

where m = number of compounding

periodic interest = APR / m

(1 + 0.137/12)^12 - 1 = 14.59%

(1 + 0.14/2)^2 - 1 = 14.49%

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.