Nominal rate

B

D

E

C

$D$

$,$

the payments be to each bank? Round your answers to the nearest cent.

Payment

$\frac{?}{\text{b}\text{a}\text{r}}($$$)$

$B\{\begin{array}{ccc}\text{:}[\text{\$}& D& ]\\ \text{\$}& E\end{array}$

Even if the five banks provided the same effective annual rate, would a rational investor be indifferent between the banks?

It is more likely that an investor would prefer the bank that compounded $[$

frequently.

balances. Round your answers to the nearest cent. If your answer is zero, enter $"0".$

Choose the correct graph that shows how the payments are divided between interest and principal repayment over time.

The correct graph is $,1.$