(6ptsl Suppose that you plan to retire in 40 years. You put 1000 dollars in a bank account which earns a per period interest rate of 0.5%, and interest is compounded monthly. What was your effective annual interest rate? enter your answer as a percent (i.e., 5.00% would be entered as 5.00) 6.17 How much money will be in the account at the end of 40 years ($l? Round to the nearest dollar. 10957 If inflation during this time period averaged 1.7% annually, how much purchasing power (in present $, not future 3) did you accumulate with your investment? Round to the nearest dollar. E