Two banks are offering different investment opportunities. Bank A offers an account that pays 2.9851% interest compounded daily (excluding leap years). Bank B offers an account that pays 3.0005% interest compounded semi-annually. Determine the APY for each to decide which bank is offering a better investment account. Round your answers to 4 decimal places. Enter your answers with 4 decimal places (using zeros if needed) and don't forget to include a percent sign, %, in your answers. APY for Bank A = APY for Bank B = Which bank is offering the better investment account? Hint

Bank A

Bank B

Two banks are offering different investment opportunities. Bank A offers an account that pays 5.5344% interest compounded monthly. Bank B offers an account that pays 5.5638% interest compounded quarterly. Determine the APY for each to decide which bank is offering a better investment account. Round your answers to 4 decimal places. Enter your answers with 4 decimal places (using zeros if needed) and don't forget to include a percent sign, %, in your answers. APY for Bank A = APY for Bank B = Which bank is offering the better investment account? Hint

Bank A

Bank B

Two banks are offering different loan opportunities. Bank A offers a loan that charges 5.619% interest compounded monthly. Bank B offers a loan that charges 5.6755% interest compounded semi-annually. Determine the APY for each to decide which is offering a better loan. Round your answers to 4 decimal places. Enter your answers with 4 decimal places (using zeros if needed) and don't forget to include a percent sign, %, in your answers. APY for Bank A = APY for Bank B = Which bank is offering the better loan? Hint

Bank A

Bank B