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-/3 points v TEAFM2 F.2.032. My Notes One bank advertises a nominal rate of 8.15% compounded quarterly. A second bank advertises a nominal rate of

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-/3 points v TEAFM2 F.2.032. My Notes One bank advertises a nominal rate of 8.15% compounded quarterly. A second bank advertises a nominal rate of 8.08% compounded daily. What are the effective yields? (Round your answers to two decimal places.) first bank second bank In which bank would you deposit your money? O first bank O second bank Additional Materials eBook

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