Accessibility tab summary: Students please use the information below to complete the question completing the required cells. Given information for this question is presented in rows $8$ and $9,$ columns A through C$.$ The required answers are in rows $8$ and $9,$ column D$.$

First National Bank charges $13\mathrm{.}8$ percent compounded monthly on its business loans. First United Bank charges $14\mathrm{.}1$ percent compounded semiannually. Calculate the EAR for each offer.

Input area:

Output area:

$$ Stated rate $($APR$)$ Annual compounding periods Effective rate $($EAR$)$

First National Bank $13\mathrm{.}80\%12$

First United Bank $14\mathrm{.}10\%2$