a)

b)

c)

Find the effective rate of interest of an investment that earns 5.92% compounded monthly. Round the effective rate to two decimal places. NOM = % EFF= % C/Y = Convert 5.86% compounded semi-annually to an equivalent interest rate compounded monthly. Round the effective rate to four decimal places, round the final answer to two decimal places. NOM (1) % C/Y (1) = EFF = % (4 decimal places) NOM (2) % C/Y (2) = What is the nominal annual rate compounded monthly equivalent to an effective rate of 4.15%? Round the answer to NOM to four decimal places. NOM = % (4 decimal places) EFF = % C/Y =