Find the effective rate corresponding to the given nominal rate. Round your answers to two decimal places.
10% / year compounded semiannually
_____%

3% / year compounded quarterly
_____%

A) 3.03%, 3.05%
B) 3.04%, 3.05%
C) 10.25%, 3.03%
D) 3.03%, 3.04%

Question

Find the effective rate corresponding to the given nominal rate. Round your answers to two decimal places. ​
10% / year compounded semiannually
​  _____%
​
3% / year compounded quarterly
​  _____%
​
A) 3.03%, 3.05% 
B) 3.04%, 3.05% 
C) 10.25%, 3.03% 
D) 3.03%, 3.04%

Quizplus · Accepted Answer

The Answer of Find the effective rate corresponding to the given nominal rate. Round your answers to two decimal places. ​
10% / year compounded semiannually
​  _____%
​
3% / year compounded quarterly
​  _____%
​
A) 3.03%, 3.05% 
B) 3.04%, 3.05% 
C) 10.25%, 3.03% 
D) 3.03%, 3.04%

Find the Effective Rate Corresponding to the Given Nominal Rate