A bank offers 7.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Derek will deposit $3,232.00 per year for 9.00 years into an account that earns 9.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 30.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places