Need help with K, 1,2, and 3

k. Five banks offer the same nominal rate on deposits, but A pays interest annually. B pays semiannually, C pays quarterly. D pays monthly, and E pays daily. (1) Calculating the effective annual rate for each bank and the future values of the deposit at the end of 1 year and 2 years Nominal rate (I INOM) Deposit (PV) Number of days per yeal 7% $3,500 365 A B C D E EAR FV after 1 year FV after 2 years (2) Calculating the nominal rates that will cause all of the banks to provide the same effective annual rate as Bank A Nominal rate (I I (3) Calculating the amount of payment to be made annually for A, semiannually for B, quarterly for C, monthly for D, and daily for E Needed amount (FV) B C D E Number of years (N) $3,500