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9 ) After reviewing the compounding model, your Kindergartener has a follow up question about effective annual rates. She figures with more frequent compounding, the

9) After reviewing the compounding model, your Kindergartener has a follow up question about effective annual rates. She figures with more frequent compounding, the effective annual rate cannot be 3% for all the compounding options. Calculate the effective annual rate for each of the compounding options in Question 8, using a function. (round to three decimal places)
I need the annual, semi-annually, quarterly, and monthly.
I NEED THE EXCEL FORMULAS TOO, PLEASE.
The annual is 3.000%. The semi-annual is 3.022%. The quarterly 3.034%. The monthly 3.042%.

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