Find the effective rate corresponding to the given nominal rate. Round your answers to the nearest hundredth.
14% / year compounded semiannually __________%
5% / year compounded quarterly __________%

Question

Find the effective rate corresponding to the given nominal rate. Round your answers to the nearest hundredth.
14% / year compounded semiannually  __________%
5% / year compounded quarterly  __________%

Quizplus · Accepted Answer

The Answer of Find the effective rate corresponding to the given nominal rate. Round your answers to the nearest hundredth.
14% / year compounded semiannually  __________%
5% / year compounded quarterly  __________%

Find the Effective Rate Corresponding to the Given Nominal Rate