I would like the answer to the question attached below

11. Honannual compounding period M he a The number of compounding periods in one vear is called compounding 'eouency. The compounding frequency:r affects both the present and future values of cash flows. An investor can invest money.r with a particular bank and earn a stated interest rate of 13.20%; however. interest will be compounded quarterly. What are the nominal, periodic. and effective interest rates for this investment opportunity? Interest Rates Nominal rate Periodic rate Effective annual rate You want to invest $21,000 and are looking for safe investment options. Your bank is offering you a certicate of deposit that pavs a nominal rate of 12% that is compounded quarterlv. What is the effective rate of return that you will earn from this investment? 12.429% 12.410% 12.636550 12.551'Jali: DUDE) Suppose you decide to deposit $21,001:! in a savings account that pays a nominal rate of 9%. but interest is compounded daily. Based on a SEE-day year. how much would you have in the account after four months? {Hint To calculate the number of days, diyide the number of months by 12 and multiply by 365.) 0 $22,022.43 0 $21,639.64 0 $22,515.23 0 $21,206.35