Bonus: Explain the follows with 5 points each for a total of 10 por 1. What is Time Value of Money? Explain!!! Time value money: ne same time the present sale or money is The same as Fatun valore ar merent meaning that the money that is avaiable at the present is nofth more than the same amount in the future due to it's earning captial. 2. Bank A pays 4.6% interest compounded annually on deposits, while Bank B pay 3.97% compounded daily. Based on the EAR (or EFF%), which bank should you use? Explain. (hint: calculate each EAR and then compare two EARs.). Show your work