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 8.0 percent interest compounded daily, or into Burns National Bank, which pays 7.8 percent compounded semiannually? (Hint. Calculate the EAR on each account.) f Springfield National Bank pays 80 percent interest compounded daily, the EAR for the deposit is % Round to two decimal places) f Burns National Bank pays 7.8 percent i terest compounded semiannually. the EAR for the deposit is % Round to two dec mal places Based on the findings above, which alternative is more attractive? (Select the best choice below.) 0 A. The deposit into Springfield National Bank that pays 8 0% compounded daily O B. The deposit into Burns National Bank that pays 78% compounded semiannually