Online n investor can invest money with a particular bank and earn a stated interest rate of 8.80%; however, interest will be compounded quarterly. What are the nominal, periodic, and effective interest rates for this investment PVIFA opportunity? Interes Interest Rates Nominal rate 8.80% Numbe Periodic rate 2.20% L-909% Effective annual rate Calculat Rahul needs a loan and is speaking to several lending agencles about the interest rates they would charge and the terms they offer. He particularly likes his local bank because he is being offered a nominal rate of 8%. But the bank is compounding monthly. What is the effective interest rate that Rahul would pay for the loan? in. o 8.614% 8.178% 8.421% o 8.300% offering favorable terms, so Rahul decides to take a loan of $10,000 from this bank. He signs the loan contract at 9% compounded daily for three months. Based on a 365-day year, what is the total amount that the bank at the end of the loan's term? (Hint: To calculate the number of days, divide the number of Another bank is also Rahul owes months by 12 and multiply by 365.) ARMY GUARD O $10,125.37 Q $10,227.65 O $10,585.62 = $10,023.10