Complete the table to determine the effect of the number of compounding periods when computing interest: Suppose that $15,000 is invested at 3.7% interest for 12 years under the following compounding options. Round answers in the second column to the nearest whole number. Round answers in the last column to the nearest cent.
Compounding Option
Value
Result
Annually
(b) Quarterly
Monthly
Daily
365
Continuously
Not Applicable