Question: can you also provide the key function commands on the BA 2 plus calculator for both of these problems? Many thanks! First National Bank pays
First National Bank pays 6.9% interest compounded semiannually. Second National Bank pays 6% interest compounded monthly. a. Calculate the effective annual rate for each bank. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Effective Annual Rate First National Bank Second National Bank b. Which bank offers the higher effective annual rate? First National Bank Second National Bank
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