Time to remodel your old ugly kitchen! It's an expensive project, so you'll need a loan. You stopped by two different banks, Bank #1 and Bank #2, to compare their loan interest rates. Bank #1 charges 5% per year, compounded daily. Bank #2 charges 7% per year, compounded semiannually. The effective annual rates for the two banks are [ Select ] . [ Select ] [ Select ] % for Bank #1, and [ Select ] . [ Select ] [ Select ] % for Bank #2. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher, and only round your final answer to TWO decimal places. As a potential borrower, you would go with Bank [ Select ] for a loan because this Bank has [ Select ] .