Steaks Galore has $190,000 in excess cash that it wishes to invest. Bank One offers a certificate of deposit that is paying 10%, compounded monthly. Bank Two offers a certificate of deposit paying 9.5%, compounded daily. In which Bank should the firm opt to invest its surplus cash? (You must use the EAR formula to solve this problem. In addition, you must show all of your work.) Additionally, what is the nominal and period rate of interest offered by Bank One?