Hi i need help in this problem. thank you!

60 months? the most expensive car you can afford if you finance it for te 5-30 EFFECTIVE VERSUS NOMINAL INTEREST RATES Bulk A pays +% interest daily. compounded annually on deposits, while Bank B pays 35 compound Based on the EAR (or EFF :), which bank should you use? b. Could your choice of banks be influenced by the fact that you might want to withdraw your funds during the year as opposed to at the end of the year? Assume that your funds must be left on deposit during an entire compounding period in order to receive any interest. jewelry store