You want to invest $13,000 and are looking for safe investment options. Your bank is offering a certificate of deposit that pays a nominal rate of 4.00% that is compounded monthly. Your effective rate of return on this investment is Suppose you decide to deposit $13,000 into a savings account that pays a nominal rate of 5.20%, but interest is compounded daily. Based on a 365 day year, how much would you have in your account after nine months? (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365.) $13,109.80$13,380.11 $13,515.26 $13,785.57 You want to invest $13,000 and are looking for safe investment options. Your bank is offering a certificate of deposit that pays a nominal rate of 4.00% that is compounded monthly. Your effective rate of return on this investment is Suppose you decide to deposit $13,000 into a savings account that pays a nominal rat 3.93% 6 , but interest is compounded daily. Based on a 3 day year, how much would you have in your account after nine months? (Hint: To calc 3.98% number of days, divide the number of months by and multiply by 365.) $13,109.80