Tive banks offer nominal rates of 9 on deposits, but A pays interest any pays semily Carterly Days, and Edelstatay 1. What effective annual rate does each bank pay? If you deposit 55,500 in each bank today, how much will you have in each bank at the end of year? 2 years? Round your answers to top A B C D E EAR 9.00 9.20 931 2:35 942 FV after 1 year $ 5995.00 6006.14 5 6011 1 601594 $ 6017.89 PV after 2 years $ 6534 35 5 6558.85 65717 658027 5 6543 2. If the TV is the only consideration, what nominal rate will cause all of the banks to provide the same effective wales Bank A Round your newers to be decine Nominal rate 3. Suppose you don't have the 15.300 but need it at the end of 1 year You plan to makeares deports - wwwyor , carmally torcy Corey , www large must the payments be to each bank? Round your answers to the nearest cent. 0 Payment $ . . 4. Even if the five banks provided the same efective annual rate, would rational Investor berent between the banks It is more that an investor would prefer the bank that compoundet me treeney 1. Sup you borrow $14,000. The rest rate is 11% and it requires que ens of year payments Set up an amortioned that we are Ioan balances. Round your answers to the nearest cent. If your answer is retro Beginning Ending TAVIS Interest of Pol Balance