please answer both question number question 3 ans 4

D Question 3 2 pts Question 3. Given that the current interest rate is 10%. What will be equivalent annual rate (EAR) if it is compounded quarterly? (4 digits after decimal, e.g., 0.1234) As the compounding frequency increases (from annual to continuously), EAR (increases or decreases?) Question 4 2 pts Question 4. AA Bank charges 10.9 percent compounded monthly on its business loans. BB Bank charges 11.1 percent compounded semiannually. As a potential lender, which bank would you go to lend your money? (AA or BB bank)