Question 8
10 pts
Given a nominal annual rate of 5% with quarterly compounding, compute the equivalent effective annual rate (percentage number and keep two decimal places).
D
Question 9
10 pts
Given a nominal annual rate of 10% with quarterly compounding, compute the equivalent effective monthly rate (percentage number and keep three decimal places).
D
Question 10
10 pts
Given a nominal annual rate of 6% with quarterly compounding, compute the equivalent effective daily rate (report a percentage value and keep four digits after the decimal).