(Related to Checkpoint 5.7) (Calculating an EAR) Based on effective interest rates, would you prefer to deposit your money into Springfield National Bank, which pays 6.0 percent interest compounded quarterly, or into Burns National Bank, which pays 5.8 percent compounded monthly? (Hint: Calculate the EAR on each account.) If Springfield National Bank pays 6.0 percent interest compounded quarterly, the EAR for the deposit is 6.14 %. (Round to two decimal places.) If Burns National Bank pays 5.8 percent interest compounded monthly, the EAR for the deposit is [%. (Round to two decimal places.)