7.4.A-38 Question Help The New Age Bank advertises 9.9% annual interest rates compounded monthly, while the Pay More Bank pays 11% annual interest compounded quarterly. Which bank offers a better rate for a customer who plans to leave her money in for exactly one year? Which bank offers a better rate? Choose the correct answer below and fill in answer box in your choice Round to three decimal places as needed.) O A Pay More Bank becauso the balance will e times greater than the initial deposit. O B. New Age Bank because the balance will be times greater than the initial deposit