9. 3.9 Convert the given interest rates in the left-hand column into the APR rates listed in...

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9. 3.9 Convert the given interest rates in the left-hand column into the APR rates listed in the right-hand column. Assume 4 weeks/month.

Table Summary: Table divided into 2 columns summarizes requested interest rate for a list of five given rates of interest. The column headers are marked as: Given Interest Rate; and Requested Interest Rate.

Given Interest Rate Requested Interest Rate 1% per month Nominal rate per year 3% per quarter Nominal rate per 6 months 2% per quarter Nominal rate per year 0.28% per week Nominal rate per quarter 6.1% per 6 months Nominal rate per 2 years

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