Arab African International Bank offers a 5 year Certificate of Deposit that pays a nominal rate of 10% with different compounding intervals as per below table, Calculate the Effective Annual Rate % for the different compounding, Suppose you plan to invest $ 100 for five years at a nominal annual rate of 10%, Calculate the Future value for the different compounding intervals. Future Value Frequency of Nominal Annual Effective Annual Compounding Rate Rate % Annual 10% Semi-annual 10% Quarterly 10% Monthly 10% Daily 10% *For daily calculation, assume 365 days per year