What is the nominal rate of interest on a credit card which states the effective rate of interest is 14.25%, compounded daily A. 14.45% . 13.32% C. 13.65% D. 13.11% E. 15.02% 2. Your Uncle Lou is planning for his retirement. He would like to retire 10 years from today. He estimates he will need to withdraw $60,000 each year from his retirement account once he retires. Given his current age and withdrawals for 16 years. Assuming he can earn a 6% return on his retirement funds, how much money should he have in his retirement account when he retires? (Round to the nearest dollar) general heal th, he figures he will need to make these A. $606,354 B. $1,540,352 C. $531,082 D. $1,819,457 E. $790,847 3. You invest $10,000 at a 12 percent annual rate of return for 5 years. How much additional if it pays interest compounded annually as opposed interest will this investment provide to simple interest? (Round to the nearest dollar) A. $851 B. $1,254 C. $926 D. $1,623 E. None of the above