Question Details X QUESTION PARTS 1 TOTAL POINTS 0/1 0/1 SUBMISSIONS USED 3/5 Find the effective annual interest rate / of the given nominal annual interest rate. Round your answer to the nearest 0.01%. 5% compounded quarterly r = 1 1.05 x % Need Help? Read It Submit Answer 10. [-/1 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 3% interest compounded quarterly. By how much will your deposit have grown after 6 years (in dollars)? (Round your answer to the nearest cent.) Need Help? Read It Watch It