You want to invest $23,000 and are looking for safe investment options. Your bank is offering a certificate of deposit that pays a nominal rate of 10.00% that is compounded quarterly. Your effective rate of return on this investment is 4 Another bank is also offering favorable terms, so Andrew decides to take a loan of $23,000 from this bank. He signs the loan contract at 13.00% compounded daily for 12 months. Based on a 365-day year, what is the total amount that Andrew owes the bank at the end of the loan's term? (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365.) O $26,190.88 $27,107.56 O $27,238.52 O $27,762.33