You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24th month, you will have $11,150 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning? 8.00% 8.70% 6,8796 9.18% 7.11% You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24th month, you will have $11,150 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning? 8.00% 8.70% 6,8796 9.18% 7.11%