(a) Compounded monthly? 1. What is the effective annual interest rate if the nominal rate is 24 percent per year Compounded quarterly 1(b) You deposit 10 dolars into an account earning 6% per year. You leave the money in the account for 5 years. At the end of the S year you withdraw (without penalty) 2000 dollars You leave the remaning money in the account (still at 6% per year) for another 10 years, what is the amount in this account after the full 15 year period