Which of the following terms best describes the pair of compounds shown: or 
Definitions:
Monthly Compounded
An interest calculation method where interest is added to the principal sum at the end of each month, accelerating the growth of the investment through more frequent compounding.
Nominal Rate
The stated interest rate on a financial product, not accounting for inflation or the compounding of interest.
Effective Rate
The actual interest rate on an investment or loan, accounting for the effect of compounding over a given period.
Deposits
Funds placed into banking institutions for safekeeping. These can be made into various types of accounts including savings, checking, and money market accounts.
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