An investor can invest money with a particular bank and earn a stated interest rate of 11.00%; however, interest will be compounded quarterly. What are the nominal (or stated), periodic, and effective interest rates for this investment opportunity? Interest Rates Nominal rate Periodic rate Effective annual rate You want to invest $15,000 and are looking for sale investment options. Your bank is offering a certificate of deposit that pays a nominal rate of 10.00% that is compounded semiannually. Your effective rate of return on this investment is Suppose you decide to deposit $15,000 into a savings account that pays a nominal rate of 13.00%, but interest is compounded daily. Based on a 365 day year, how much would you have in your account after six months? (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365.) $15,526.52 $15,686,59 $16,006.72 $16,326.85