If want to deposit 120,000 in one of the two banks listed below. what EAR for the bank ghat you should choose ? Bank A: 6.45% with quarterly compunding; Bank B 6.20% with daily compunding .

I want to deposit $120,000 in one of the two banks luted below What is the EAR for the bank that you should choose? BANKA 46 whately compounding BANK 2.201 with daty compounding 0.0004 b. Answer cannot be found 6.40% d.6.35 6.61%