Question 12 1 pts Bank ABC offers loan terms at 12.25% APR compounded daily, while Bank XYZ offers loan terms at 12.31% APR compounded monthly. Rounding to the nearest basis point (4th digit in decimal form), which Bank is offering borrowers the lower rate? Bank ABC Bank XYZ The loan terms are effectively equal Question 13 1 pts What APR, compounded annually, is needed to grow a present value of $250 to $500 over 6 years? Enter the rate in decimal form, rounded to the 4th digit, as in "0.4321". Question 14 1 pts What APR, compounded monthly, is needed to grow a present value of $250 to $500 over 6 years? Enter the rate in decimal form, rounded to the 4th digit, as in "0.4321". Question 15 1 pts What APR, compounded daily, is needed to grow a present value of $250 to $500 over 6 years? Enter the rate in decimal form, rounded to the 4th digit, as in "0.4321