Answer Happy

Find the effective interest rate corresponding to a nominal interest rate of 36% compounded monthly. Effective interest rate (without using a calculator), Fef= Effective interest rate, as a percent, rounded to 2 decimal places= % = [-/1 Points] DETAILS (a) Compute the effective interest rate corresponding to a nominal interest rate of 4% compounded semiannually. Effective interest rate, as a percent, rounded to 4 decimal places (c) Select the investment that offers the better return. 4% compounded semiannually O 3.96% compounded quarterly % (b) Compute the effective interest rate corresponding to a nominal interest rate of 3.96% compounded quarterly. Effective interest rate, as a percent, rounded to 4 decimal places= %