9. What is the effective annual rate of 14.5 percent compounded semiannually? 10, First National Bank charges 13.1% compounded monthly on its business loans. First United Bank charges 13.4% compounded semiannually. As a potential borrower, which bank would you go to for a new loan? 11. How much will accumulate in the account with an initial deposit of $100 for 3 years, with an interest rate of 10% compounded quarterly