Exercise 1: (10 points)

You want to buy a vehicle, and you want to finance it with a bank loan. You consult several banks to have the interest rate applied for this type of asset.

The bank (A) applies an annual nominal rate of 8%.

The bank (B) applies a nominal capitalized rate of 7.9%.

The bank (C) applies a quarterly capitalized nominal rate of 7.8 %.

The bank (D) applies a nominal rate capitalized monthly of 7.7.50%.

What is the most advantageous two-week effective rate for you? Show all your interest rate equivalence calculations. Keep 6 digits after the comma. There are 52 weeks a year.