In 2014, Bank A paid 4% interest, compounded daily, on a 6-year CD, w hile the Bank B paid 4% compounded quarterly a. What are the effective rates for the two CDs? Use a 365-day year b. Suppose $4000 was invested in each of these accounts. Find the compound amount after six years for each account. a. The effective rate for Bank A is | |% (Type an integer or decimal rounded to three decimal places as needed.) The effective rate for Bank B is []%, (Type an integer or decimal rounded to three decimal places as needed.) b. For Bank A, the compound amount after six years is $ (Do not round until the final answer. Then round to the nearest cent as needed.) For Bank B, the compound amount after six years is S (Do not round until the final answer. Then round to the nearest cent as needed.)