1-

If an investment grew to $13,500 in 2 years and the interest amount earned was $1,150, calculate the nominal interest rate compounded quarterly.

%

Round to two decimal places

2-

What nominal interest rate compounded semi-annually is equivalent to 5.07% compounded quarterly?

%

Round to two decimal places

3-

Katherine invested $235,000 to purchase a home. After 9 years, he sold the home for $300,000. Calculate the effective interest rate earned on this investment.

%

Round to two decimal places