#18 A bank offers 5.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434) 219 Derek borrows $310,999.00 to buy a house. He has a 30-year mortgage with a rate of 4,44%. After making 117.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency: Round to: 2 decimal places