The number of compounding periods in one year is called compounding frequency. The compounding frequency affects both the present and future values of cash fows. An investor can invest money with a particular bank and eam a stated interest rate of 4,40%; howeveg interest will be compounded quarterfy. Complefe the following fable by computing the nominal (or sfated), perlodic, and effective interest rates for this investoment opportunity You want to lnvest $15,000 and are fooking for safe investment options. Your bank is offering a certificate of deposit that pays a nominal rate of 4.00% that is compounded quarterly. Your effective rate of return on this investment is Suppere you decide to deposit \$15,000 into a savings account that pays a nominal rate of 5.204 , but interest is compounded daily. Basedton a 365 day year, how much would you have in your account after nine months? (Hint: To calculate the number of days, divide the number of months by 12. and multiply by 365. $15,282,64$15,438,58$15,594,53$15,906,42