(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 10.0 percent interest compounded monthly, or into Burns National Bank, which pays 9.8 percent compounded quarterly? (Hint. Calculate the EAR on each account) If Springfield National Bank pays 10.0 percent interest compounded monthly, the EAR for the deposit is % (Round to two decimal places.) If Burns National Bank pays 9.8 percent interest compounded quarterly, the EAR for the deposit is % (Round to two decimal places) Based on the findings above, which alternative is more attractive? (Select the best choice below.) O A. The deposit into Springfield National Bank that pays 10.0% compounded monthly OB. The deposit into Burns National Bank that pays 9.8% compounded quarterly