v. 14,1/8.25 c. 15,670.52 d.e.17.669.5916,454.05 e. 17,669.59 9. A bank offers 6.75% on a savings account per annum. What is the effective annual rate if the interest is compounded hourly (assume 365 days in a year, and 24 hours in a day)? a. 6.983% b. 7.121% c. 7.670% d. 7.871% e. 8.001%