l-c. Five banks offer nominal rates of 6% on deposits. but A pays interest annually. B pays semiannually, C pays quarterly, D pays monthly and E pays daily. Assume 365 days in a year. 1.. What effective annual rate does each bani-c pay? If you deposit $5,000 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. A B C D E EA R \"fa \"fa \"fa \"fa \"fa FV after 1 year 5 S S. S. S. FV after 2 years 5 5 5 5 5 2. If the TVM is the only considerationy what nominal rate will cause all of the banks to provide the same effective annual rate as Bank A? Round your answers to two decimal places. B C D E N om i n al rate \"fa \"fa \"fa \"fa 3. Suppose you don't have the SSJDUD but need it at the end of 1 year. You plan to make a series of deposits 7 annually for A, semiannually for B, quarterly for C, monthly for D, and daily for E 7 with payments beginning today. How large must the payments be to each bank? Round your answers to the nearest cent. A B C D E Payment 5 5 $ $ $ 4. Even if the five bani-cs provided the same effective annual rate. would a rational investor be indifferent between the banks? Q9 frequently. It is more likely that an investor would prefer the bankthat compounded In l. Suppose you borrow 514,000. The interest rate is 7%, and it requires 4 equal end-ofyear payments. Set up an amortization schedule that shows the annual pavments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero. enter '0'. Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 5 14000 Q9 5 t3 3; a 3; a $ 6 2 $ $ $ $ $ 3 $ $ 4 $ $