2. Suppose you want to complete your postgraduate diploma in Canada, and you need to save money from now for the tuition fee. Your father gave you BDT 660,500 to deposit and you are confused between two savings accounts. Eastern bank will give 9.25% interest compounded semiannually and Dhaka bank will give 9% interest every quarter. Calculate what effective annual rate (EAR) would you earn in each of the banks and which one you will choose based on EAR. (3) Based on your findings in parts 'a' how much money you will have after 4 years if you choose that bank? (3) Would you rather have a savings account that pays 9 percent interest compounded semiannually or one that pays 9 percent interest compounded Monthly? Explain your answer. (2)