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122 2.66 Last National Bank charges 12.1%, compounded semiannually, on its business loans. Last United...

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122 2.66 Last National Bank charges 12.1%, compounded semiannually, on its business loans. Last United Bank charges 11.8% compounded weekly. What are the effective annual rates (EARs) on the loans? As a potential borrower, which bank would you go to for a new loan? Why? 2. 12.1 2) 4t) 8.7ms l he immediately put $30,000 into it. She

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