Round your answers to the nearest cent. PV of investment: \$ FV of investment: \$ k. Five banks offer nominal rates of 8% on deposits, but A pays interest annually, B pays semiannually, C pays quarterly, D pays m 1. What effective annual rate does each bank pay? If you deposit $3,000 in each bank today, how much will you have in each ba 2. If the TVM is the only consideration, what nominal rate will cause all of the banks to provide the same effective annual rate as 3. Suppose you don't have the $3,000 but need it at the end of 1 year. You plan to make a series of deposits - annually for A, s be to each bank? Round your answers to the nearest cent. 4. Even if the five banks provided the same effective annual rate, would a rational investor be indifferent between the banks? It is more likely that an investor would prefer the bank that compounded | frequently