An online bank is offering to pay 0.30% interest per month on deposits. Your local bank offers to pay 0.80% interest quarterly (every 3 months). Which is the higher interest rate? (Note: Be careful not to round any intermediate steps less than six decimal places.) The EAR for the online bank is%. (Round to two decimal places.) The EAR for the local bank is%. (Round to two decimal places.) The offer of is higher. (Select from the drop-down menu.)

to round any intermediate steps less than six decimal ploces) The EAR for the onfine bank is 15. (Round to fwo decimal places ) The EAR tor the beel bank is (Pound to tro decimat places \}) The ofine of is figher (Select from the drop-down menu)