percent compounded annually? $($Hint Calculate the EAR on each account$)$

If Springfield National Bank pays $6\mathrm{.}5$ percent interest compounded monthly, the EAR for the deposit is $\%.($Round to two decimal places.$)$

If Bums National Bank pays $6\mathrm{.}3$ percent interest compounded annually, the EAR for the deposit is $\%.($Round to two decimal places $)$

Based on the findings above, which alternative is more attractive? $($Select the best choice below$)$

A$.$ The deposit into Springfield National Bank that pays $6\mathrm{.}5\%$ compounded monthly

B$.$ The deposit into Bums National Bank that pays $6\mathrm{.}3\%$ compounded annually