Compounding frequency and time value Personal Finance Problem You plan to invest $2,000 in an individual retirement arrangement (IRA) today at a nominal annual rate of 8%, which is expected to apply to all future years. a. How much will you have in the account at the end of 10 years if interest is compounded (1) annually. (2) semiannually, and (3) daily (assume a 365 -day year). a. (1) The amount you will have in the account at the end of 10 years if interest is compounded annualiy is s (Round to the nearest cent.) (2) The amount you will have in the account at the end of 10 years if interest is compounded semiannually is s (Round to the nearest cent.) (3) The amount you will have in the account at the end of 10 years if interest is compounded daily is $ (Round to the nearest cent.)