Find the effective rate corresponding to the given nominal rate.Round your answers to two decimal places. 15% / year compounded semiannually _____%
9% / year compounded quarterly _____%
A)9.31%, 9.38%
B)9.38%, 9.42%
C)15.56%, 9.31%
D)9.31%, 9.42%

Question

Find the effective rate corresponding to the given nominal rate.Round your answers to two decimal places. 15% / year compounded semiannually  _____%
9% / year compounded quarterly  _____%
A)9.31%, 9.38% 
B)9.38%, 9.42% 
C)15.56%, 9.31% 
D)9.31%, 9.42%

Quizplus · Accepted Answer

The Answer of Find the effective rate corresponding to the given nominal rate.Round your answers to two decimal places. 15% / year compounded semiannually  _____%
9% / year compounded quarterly  _____%
A)9.31%, 9.38% 
B)9.38%, 9.42% 
C)15.56%, 9.31% 
D)9.31%, 9.42%

Find the Effective Rate Corresponding to the Given Nominal Rate