Question: please help! Suppose that Bank A pays 4.39% interest compounded quarterly on a 6-year CD, while Bank B pays 4.38% compounded daily. a. What are

please help! Suppose that Bank A pays 4.39% interest compounded quarterly on please help!

Suppose that Bank A pays 4.39% interest compounded quarterly on a 6-year CD, while Bank B pays 4.38% compounded daily. a. What are the effective rates for the two CDs? Use a 365-day year. b. Suppose $2000 was invested in each of these accounts. Find the compound amount after six years for each account

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