Provide the calculate step or fomula please!!!

Question 2 - (10 marks) (FORMULA) A company asked you to analyze the following interest rates in order to borrow money a) Bank ABC: 8% compounded daily b) Bank NDE: 0.75% per month c) Bank VGA: 7.8% compounded continuously A) Convert all the rates into effective annual rates. B) Which bank would you recommend? Justify your answer. Provide a complete statement of your decision. The final answer for the rates should be rounded to 4 decimal places and the intermediate calculations should be presented using FORMULAS (3 marks/correct calculation and 1 mark for correct analysis and decision). 3) (10 marks) (CALCULATOR) A friend of yours had an accident in the street and sued the City of Vancouver. The jury has already decided in favour of your friend. As his friend's financial advisor, you propose that the City pays your friend as follows: (a) The present value of two years back pay your friend could not work in the past due to the injuries) in 2020 and 2021 (the annual wage in 2020 was $56,000 and in 2021 was $60,000). (b) The present value of six years' future salary. You assume the annual wages will be $ 55,000 (c) $180,000 for the stress and pain your friend has endured as of today's value. (d) $50,000 for lawyers' costs. Assume that the salary payments are equal amounts paid at the beginning of each month. If the interest rate you choose is 10% EAR, what is the size of the settlement (including items a tod)