You want to invest $$12,000$ and are looking for safe investment options. Your bank is offering you a certificate of deposit that pays a nominal rate of $8\%$ that is compounded quarterly. What is the effective rate of return that you will earn from this investment?

$8\mathrm{.}102\%$

$8\mathrm{.}149\%$

$8\mathrm{.}243\%$

$8\mathrm{.}426\%$

Suppose you decide to deposit $$12,000$ in a savings account that pays a nominal rate of $8\%,$ but interest is compounded daily. Based on a $365-$day year, how much would you have in the account after $12$ months? $($Hint: To calculate the number of days, divide the number of months by $12$ and multiply by $365.)$

$$12,869\mathrm{.}34$

$$12,999\mathrm{.}33$

$$12,609\mathrm{.}35$

$$13,519\mathrm{.}30$