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10.3.B.10 Question Help The troosurer of a credit union proposes changing the method of compounding interest on premium savings accounts to quarterly compounding. If the

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10.3.B.10 Question Help The troosurer of a credit union proposes changing the method of compounding interest on premium savings accounts to quarterly compounding. If the current rate is 5,9% compounded semi-annually, what nominal rate should the treasurer suggest to the board of directors to maintain the same effective rate of interest? The new nominal rate of intorest should be % (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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