Which of the following investments has the highest effective annual return (EAR)? (Assume that all CDs are of equal risk.) O a bank CD that pays 8.00 percent interest compounded daily O a bank CD that pays 8.10 percent compounded monthly O a bank CD that pays 8.30 percent annually a bank CD that pays 8.25 percent compounded semiannually. If you want to have $15,500 in 60 months, how much money must you put in a savings account today? Assume that the savings account pays 3.5% and it is compounded quarterly; round to nearest $1. O $13,021 O $10,106 $10,387 $8,142