You have $2,000 that you want to use to open a savings account. There are five banks located in your area. The rates paid by banks A through E, respectively, are given below. What is the effective rate offered by each of the banks?

Bank A offers 7.82 percent, compounded annually.

EARA = %

Bank B offers 7.52 percent, compounded monthly.

EARB = %

Bank C offers 7.60 percent, compounded semiannually.

EARC = %

Bank D offers 7.70 percent, compounded continuously.

EARD = %

Bank E offers 7.80 %, compounded quarterly

EARD = %