ts (Related to Checkpoint 5.7) (Calculating an EAR) Based on effective interest rates, would you prefer to deposit your money into Springfield National v Bank, which pays 9.5 percent interest compounded daily, or into Burns National Bank, which pays 9.3 percent compounded quarterly? (Hint. Calculate the EAR on each account.) | Springfield National Bank pays 9,5 percent interest compounded daily, the EAR for the deposit is % (Round to two decimal places.) Burns National Bank pays 9.3 percent interest compounded quarterly, the EAR for the deposit is %. (Round to two decimal places.) Based on the findings above, which alternative is more attractive? (Select the best choice below.) ea O A. The deposit into Springfield National Bank that pays 9.5% compounded daily OB. The deposit into Burns National Bank that pays 9.3% compounded quarterly