Five banks offer nominal rates of 9% on deposits, but A pays interest annually, B pays semiannually, C pays quarterly, D pays monthly, and E pays daily. ssume 365 days in a year. 1. What effective annual rate does each bank pay? If you deposit $3,500 in each bank today, how much will you have in each bank at the end of 1 year? 2 years? Round your answers to two decimal places. EAR FV after 1 year FV after 2 years $ A 9.0 3815 4158.35 % B 9.19 3821.00 X 4173.65 % $ C 9.3 3825.5 X % D 9.38 % $ E 9.41 4189.69 %