Question: Please show how to solve with excel equations. Know the answer just not how to get it. Would you deposit your money in a bank

Please show how to solve with excel equations. Know the answer just

Please show how to solve with excel equations. Know the answer just not how to get it.

Would you deposit your money in a bank that pays 5.8% with semi-annual compounding or in a bank that pays 5.6% with quarterly compounding? EAR for the first bank: [1PV,5.8/2I/YR,1X2N,FV]=1.05881.05881=.0588=5.88% EAR for the second bank: [1PV,5.6/4I/YR,1X4N,FV]=1.05721.05721=.0572=5.72% Choose the first bank

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