Question: Answer all blanks please Rounding your answers to THREE decimal places, determine the effective and the equivalent semiannually compounded nominal rate for each institution and

Answer all blanks please

Rounding your answers to THREE decimal places, determine the effective and the equivalent semiannually compounded nominal rate for each institution and determine which rate is preferable for_investing_ money. A) Bank A offers 8.079% compounded daily. Effective rate = Equivalent semiannually compounded nominal rate = A B) Bank B offers 8.158% compounded quarterly. Effective rate = A Equivalent semiannually compounded nominal rate = Which bank would you choose? Type A or B

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