Assume One Bank Offers You a Nominal Annual Interest Rate

Assume one bank offers you a nominal annual interest rate of 6% compounded daily while another bank offers you continuous compounding at a 5.9% nominal annual rate.You decide to deposit $1,050 with each bank.Exactly two years later you withdraw your funds from both banks.What is the difference in your withdrawal amounts between the two banks? Assume 365 days in a year.Do not round your intermediate calculations

A) $1.77
B) $2.24
C) $2.35
D) $2.71
E) $2.94