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Scotia bank quotes you an interest rate of 5.6% with semi-annual compounding on deposits. How long is each compounding period expressed in months Express the

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Scotia bank quotes you an interest rate of 5.6% with semi-annual compounding on deposits. How long is each compounding period expressed in months Express the bank's quoted rate as an effective annual rate (give answer to 3 decimal places). If you decide to deposit $10,000 with the bank for a 9 month term, how much interest would be earned by the maturity date of the deposit? TT TT Paragraph Arial 3(12pt) E T

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