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value 15.00 points Your bank offers a savings account that pays a stated (nominal) interest rate of 11 percent per year, compounded quarterly Requirement 1:
value 15.00 points Your bank offers a savings account that pays a stated (nominal) interest rate of 11 percent per year, compounded quarterly Requirement 1: If you deposit $10,000 today into this account and leave it invested for 4 years, how much will you have in the account at the end of Yeat 4? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Account Balance $ 15435.09 Requirement 2: What is the effective annual interest rate earned on money invested in this account? (Round your answer to 2 decimal places (e.g., 32.16).) Effective Annual Rate 11.46 % Requirement 3: What is the highest effective annual rate attainable with an 11 percent nominal rate? (Round your answer to 2 decimal places (e.g., 32.16).) ch Highest Effective Rate O Type here to search O ADN
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