14. You plan to invest $2000 in an individual retirement arrangement (IRA) today that pays a stated 00 annual interest rate of 8%, which is expected to apply to all future years. How much will you have in the account at the end of 10 years if interest is compounded annually, semiannually, or monthly. What is the effective annual rate (EAR) for each compounding frequency? SemiAnnual(2points)59,556.16h=2dMonthly(2points):h=126365,900,24 EAR (2 Points): 26% EAR (2 Points): 3,4% EAR (2 Points): 3.3%