A bank advertises mortgages at 12% compounded continuously. What is the efective annual interest rate? I, b. c. d. 11 .33% 12.00% 12.68% 12.75% 2. Which of the following interest rate alternatives will produce the greatest future value of an investment, for a period of four years, of $10,000? a. b. c. d. 11.98% interest compounded continuously 12.00% interest compounded daily 12.01% interest compounded monthly 12.02% interest compounded quarterly