ays in a year. 1. What effective annuol rate does each bank pay? 11 you deposit $5,500 in eich bark today, how much wil you have in each bark at the end of 1 year? 2 years? Round your answers to two decimal places. 2. If the TUM is the only consideration, whot nomined rate will cause all of the bonks to prowide the same effective annual rate as tlank A? Roosd your answers to two decimal places. 3. Suppose you don't tiave the 15,500 but need it at the end of I year. Youl flan to make a series of deposite - annually for A, ternianinatily far 6 , cuanterly lor C. 4. Even if the five banks provided the some elfective annisal rate, nould a rational investor be indifferent betweetin the bankz? It is more tikely that an investor nould prefer the bank that corrpounded firequently